If Supply Decreases and the Price Doesn't Change, There Will

question 47

Multiple Choice

If supply decreases and the price doesn't change, there will be a

• A)surplus.
• B)both a shortage and a surplus.
• C)shortage.
• D)neither a shortage nor a surplus.

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Definitions:

Outer-directed

Refers to individuals whose behaviors and decisions are influenced predominantly by external factors or the expectations of others rather than by personal values or desires.

Environment

The surrounding conditions, including social, physical, and economic, in which an organization operates.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching social interactions and understanding.

Unfamiliar Settings

Environments or situations that are not known or recognized by an individual, often requiring adaptation or learning.