Figure 3-1 -If the Price of Automobiles Was to Increase, Then

question 117

Multiple Choice

Figure 3-1
-If the price of automobiles was to increase, then

• A) the demand for gasoline would decrease.
• B) the demand for gasoline would increase.
• C) the supply of gasoline would increase.
• D) the quantity demanded of gasoline would decrease.

---

Definitions:

Team Members

Individuals who are part of a group working towards a shared objective.

Social Loafing Group

A phenomenon in which individuals in a group reduce their effort because they believe their contribution to the group is not important.

Linking Pin Team

A concept in team dynamics where individuals serve as connectors between different groups or levels within an organization, facilitating communication and coordination.

Quality Circle

A group of workers who voluntarily meet to discuss and propose solutions to workplace problems, focusing on the quality of products or processes.