At Equilibrium,each of These Is True Except

question 126

Multiple Choice

At equilibrium,each of these is true except

• A)quantity demanded equals quantity supplied.
• B)the price has no tendency to change.
• C)market price equals equilibrium price.
• D)there may be a shortage or a surplus.

---

Definitions:

Hersey-Blanchard Situational Leadership

A leadership theory suggesting the need for leaders to adapt their leadership style based on the developmental level of the individuals they are leading.

Leadership Styles

Various approaches to leadership that dictate how leaders interact with their teams, make decisions, and guide their followers toward goals.

Readiness Of The Followers

The extent to which followers have the ability and willingness to accomplish a specific task.

Fiedler's Contingency Theory

A leadership theory proposing that effective leadership depends on both the style of the leader and the favorableness of the situational context.