Select the Phrase That Correctly Completes the Following Statement

question 73

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the number of manufacturers caused a decrease in the supply of sailboats.As a result,

• A)the price of sailboats increased and the demand for sailboats decreased."
• B)the equilibrium quantity of sailboats increased."
• C)the price of sailboats increased and the quantity demanded of sailboats decreased."
• D)the price of sailboats increased.The higher price caused the supply of sailboats to increase."

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Definitions:

Collective Efficacy

The group's shared belief in its conjoint capabilities to organize and execute the courses of action required to produce given levels of attainment.

Shared Beliefs

Core values or principles that are commonly held and agreed upon by a group or community.

Collective Efficacy

The shared belief of a group in their combined ability to organize and execute actions required to achieve common objectives.

Shared Beliefs

are common ideas, values, or attitudes held by a group of people, which influence their behavior and decision-making.