In the Following Question You Are Asked to Determine,other Things

question 37

Multiple Choice

In the following question you are asked to determine,other things equal,the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for,or supply (S) of,X; (2) the equilibrium price (P) of X;and (3) the equilibrium quantity (Q) of X. Refer to the given information.An increase in income,if X is a normal good,will:

• A) increase D,increase P,and increase Q.
• B) increase D,increase P,and decrease Q.
• C) increase S,increase P,and increase Q.
• D) decrease D,increase P,and increase Q.

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Definitions:

Compressed Workweek

Employment scheduling that allows a full-time job to be completed in fewer than the traditional number of working days per week.

Telecommuting

Involves working at home or other places using computer links to the office.

Job Simplification

This is a management technique that involves breaking down jobs into their simplest components in order to increase productivity by reducing complexity and enhancing efficiency.

Compressed Workweek

An alternative work arrangement that allows a full-time job to be completed in fewer days than the traditional five-day workweek, often involving longer daily hours but resulting in an additional day off.