If Price Rises

question 165

Multiple Choice

If price rises,

• A)there may have been an increase in demand.
• B)there may have been an increase in supply.
• C)there may have been a decrease in demand.
• D)there must have been a decrease in equilibrium quantity.

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Definitions:

Managerial Selection

The process of identifying, evaluating, and hiring individuals to fill managerial positions within an organization, considering the skills and attributes necessary for effective leadership.

Variety of Tasks

The range of different responsibilities and activities an employee may be required to perform in their job.

Structured Interview

An interview technique where each candidate is asked the same predetermined set of questions to ensure fairness and comparability in the hiring process.

Identical Questions

Questions that are exactly the same in wording and meaning, often used in surveys or tests for consistency.