Figure 99 Shows the Demand and Supply of a Product in in a Competitive

question 95

Multiple Choice

Figure 9.9 shows the demand and supply of a product in a competitive market.

-Refer to Figure 9.9 to answer the question.Suppose that this graph represents an industry with big external benefits and that the government wishes to increase its output by 10 units and raise its price.Which of the following will produce this result?

• A)Imposing an excise tax of $2.
• B)Imposing an excise tax of $1.
• C)Granting a subsidy of $2 to producers.
• D)Granting a subsidy of $1 to producers.
• E)Granting a subsidy of $2 to consumers.

Recognize the value of storytelling in project management for team cohesion and stakeholder engagement.

Appreciate the impact of cultural differences on project management and stakeholder relations.

Comprehend the role of stress in the work environment and its effects on project management.

Understand the concept of emotional intelligence and its relevance in project leadership and management.

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Definitions:

Variety

The inclusion of multiple different elements or types in a situation or collection.

Organizational Environment

The collection of external and internal factors that influence an organization's operating situation, including economic, political, regulatory, and cultural conditions.

Social Characteristics

Attributes that define the social aspects of individuals or groups, including age, gender, ethnicity, social class, and cultural background.

Attributes

are qualities, features, or characteristics that define or identify someone or something.