"As the Price of Personal Computers Continues to Fall,demand Increases

question 117

Multiple Choice

"As the price of personal computers continues to fall,demand increases." This headline is inaccurate because

• A) a change in the price of personal computers shifts the demand curve.
• B) a change in the price of personal computers shifts the supply curve.
• C) the statement is backwards: increased demand leads to lower prices.
• D) falling prices of personal computers increase quantity demanded,not demand.
• E) falling prices of personal computers increase quantity supplied.

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Definitions:

Democratic

A leadership or government style characterized by the principle of making decisions by majority vote, often emphasizing equality and participation.

Participative

A management approach that involves employees in decision making processes, aiming to increase engagement, commitment, and collaboration.

Leadership

The ability to guide, inspire, and influence others to achieve a goal or follow a certain direction.

Power

Power is the ability to get someone else to do something you want done or to make things happen the way you want.