Refer to the Figure

question 46

Multiple Choice

Refer to the figure.Which of the following is true?

• A) At a price of $10, there would be neither excess demand for nor excess supply of pizza.
• B) At a price of $8, there would be excess demand for pizza.
• C) At a price of $5, there would be neither excess demand for nor excess supply of pizza.
• D) At a price of $0.50, there would be excess supply of pizza.

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Definitions:

Flexibility

The quality of being adaptable or variable, capable of changing or being modified according to circumstances.

Unpleasant Event

An occurrence that causes discomfort, distress, or dissatisfaction to an individual.

Desired Employee Behavior

The specific actions or reactions that an organization encourages and rewards in its employees to achieve its objectives.

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, increasing the likelihood of that behavior being repeated.