In General,when the Supply Curve Shifts to the Left and Demand

question 81

Multiple Choice

In general,when the supply curve shifts to the left and demand is constant,then the

• A) market cannot re-establish an equilibrium.
• B) equilibrium price will fall.
• C) equilibrium quantity will rise.
• D) equilibrium price will rise.
• E) quantity supplied increases.

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Definitions:

Task-Oriented Conflicts

Conflicts arising from differences in opinions or approaches towards accomplishing a specific task or goal.

Escalation Of Commitment

A decision-making process where individuals or groups continue to invest in a decision despite new evidence suggesting it might be wrong.

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.

External Review

An evaluation or assessment conducted by individuals or entities outside of an organization to ensure objectivity and impartiality, often focusing on processes, products, or financial health.