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

question 169

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 improvement in the technology used to produce X will:

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

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Definitions:

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire or die.

Leadership Successor

An individual who has been identified or groomed to take over a leadership position in an organization, ensuring continuity in leadership.

Family Businesses

Enterprises owned and managed by members of one or more families, often inheriting leadership roles across generations.

Succession Plan

A strategy for identifying and developing future leaders in an organization, ensuring continuity in critical positions.