When the Demand for a Commodity Decreases and Its Supply

question 72

Multiple Choice

When the demand for a commodity decreases and its supply is vertical we can conclude that:

• A)both price and quantity will rise.
• B)price will fall while quantity remains constant.
• C)quantity will rise while price remains constant.
• D)neither price nor quantity will change.

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Definitions:

Human Resource Analysis

The process of evaluating the components of the human resource function to identify areas for improvement and alignment with business strategies.

Organizational Culture

The shared values, beliefs, attitudes, and practices that define a company and influence its interactions and operations.

Strategic Business Issues

Significant challenges or opportunities that affect an organization's strategy and business direction.

Training Effectiveness

The degree to which training programs achieve their intended outcomes, such as improving skills, knowledge, or job performance.