Figure 6-9 -Refer to Figure 6-9.A Price Ceiling Set at

question 72

Multiple Choice

Figure 6-9
-Refer to Figure 6-9.A price ceiling set at

• A)$4 will be binding and will result in a shortage of 8 units.
• B)$4 will be binding and will result in a shortage of 16 units.
• C)$7 will be binding and will result in a surplus of 4 units.
• D)$7 will be binding and will result in a surplus of 8 units.

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Definitions:

Path-goal Leadership Theory

A theory suggesting that the leader's role is to clear the path towards the goal by addressing obstacles and providing support to increase follower motivation.

Directive Leadership

A leadership style characterized by leaders who give instructions, set clear goals, and expect compliance from their subordinates.

Path-goal Leadership Theory

A theory that postulates a leader's effectiveness is based on their ability to clear followers' paths to their goals with the appropriate leadership style, thus enhancing their performance and satisfaction.

Servant Leadership

This leadership philosophy focuses on the leader's primary role as serving the needs of others, prioritizing the well-being and development of their team members above their own.