When Quantity Demanded Is Greater Than Quantity Supplied

question 104

Multiple Choice

When quantity demanded is greater than quantity supplied

• A)price will fall to its equilibrium price.
• B)price will rise to its equilibrium price.
• C)price may rise,fall,or stay the same,depending on a variety of factors.

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Definitions:

Innovative Behaviours

Actions or tendencies of individuals or organizations geared towards the discovery, creation, and implementation of new ideas, products, or processes.

Compensation Strategies

The planning and implementation methods used by businesses to reward employees financially for their work and performance.

Contingency View

A management perspective emphasizing that organizational strategies and structures should vary according to the situation or environment.

Structural Variables

Factors within an organization that shape its behavior and performance, such as its size, technology, and organizational structure.