If Demand and Supply Both Decrease

question 53

Multiple Choice

If demand and supply both decrease:

• A) both price and quantity will be less.
• B) both price and quantity will go up.
• C) price will fall but quantity will go up.
• D) quantity will go down but the effect on price is indeterminate.

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Definitions:

Entrusting Work

Assigning responsibilities or tasks to others, often to delegate authority and distribute workload.

Decision and Action

The process of making choices and following through with behaviors to enact those choices.

Organic Designs

Organic designs in organizations involve flexible, adaptable structures with less rigid hierarchies and more emphasis on teamwork and collaboration to respond quickly to changes.

Informal Structures

Unofficial relationships and patterns of interaction in an organization that operate alongside the official structure.