Which of the Following Statements Is True

question 123

Multiple Choice

Which of the following statements is true?

• A)A decrease in demand causes a decrease in equilibrium price;the decrease in price causes supply to decrease.
• B)A decrease in demand causes equilibrium price to fall;the decrease in price then results in a decrease in quantity supplied.
• C)If both demand and supply increase,there must be an increase in equilibrium price;equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Transactional Leaders

Leaders who focus on the role of supervision, organization, and group performance, often emphasizing the exchange between leader and followers.

Institutionalization

The process by which practices and activities become established norms or standards within an organization or society.

Resist Change

The resistance to alter established habits, processes, or structures within an individual or group context.

Institutionalize

To establish something as a norm or standard in an organization or culture, often referring to the process of embedding practices, beliefs, or systems within an institution.