Assuming That Good X and Good Y Are Close Substitutes

question 73

Multiple Choice

Assuming that Good X and Good Y are close substitutes of each other,a per-unit sales tax on Good Y will:

• A)increase the demand for Good X.
• B)increase the demand for Good Y.
• C)decrease the supply of Good X.
• D)decrease the demand for Good X.

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Definitions:

Shared Leadership

Shared leadership is a leadership approach where members of a team or group share the responsibility, authority, and roles of leadership, rather than leadership being vested in a single individual.

Self-Managed Operational Team

A group of employees who are given the autonomy to manage their own tasks and make decisions without direct supervision, often within an operational context.

Virtual Team

A group of individuals who work together from different geographic locations, connected by technology.

Team Building

Activities and exercises designed to strengthen relations and enhance cooperation among members of a team.