Suppose the Equilibrium Price of Bread Is $2

question 155

Multiple Choice

Suppose the equilibrium price of bread is $2.00 per loaf. If the government sets a price ceiling of $1.50 per loaf:

• A)​the equilibrium price of wheat will fall and a shortage of wheat will be created.
• B)​the quantity of wheat supplied will increase.
• C)​the quantity of wheat demanded will decrease.
• D)​there will be a shortage of bread.

---

Definitions:

HR Gap Analysis

The process of identifying the difference between the current capabilities of the workforce and the required skills and capacities to meet organizational objectives.

Long-term HR Priorities

Strategic human resource objectives focused on achieving sustainable competitive advantage over an extended period.

Leadership Development

The process of enhancing an individual's ability to lead, manage, and guide others within an organization.

Workforce Planning

The process of analyzing, forecasting, and planning workforce supply and demand, assessing gaps, and determining targeted interventions to ensure an organization can meet its goals and objectives.