Suppose Current Equilibrium Price of Pizza Is $5

question 33

Multiple Choice

Suppose current equilibrium price of pizza is $5.If the government decides the price of pizza cannot rise above $4,there would be:

• A)a shortage of pizzas.
• B)a surplus of pizzas.
• C)a rightward shift of the supply curve of pizzas.
• D)no impact on the equilibrium price and quantity of pizzas.
• E)a rightward shift in the demand curve for pizzas.

Understand the concept of lifelong learning and its impact on employee development.

Grasp the role of supervisors and human resources in employee training and orientation.

Acknowledge the potential drawbacks of employee training and strategies for retention.

Distinguish between the various roles in the orientation process between HR and supervisors.

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Definitions:

Self-Fulfilling Prophecy

A prediction or expectation about a situation or behavior that causes the prediction to be fulfilled by influencing the situation or people's behavior.

Studied Hard

A phrase indicating the process of dedicating significant effort and time to learning or mastering a subject matter.

Poorly

In an unsatisfactory, inadequate, or unsuccessful manner, often describing performance or condition.

First Information

The initial data or facts received about a situation, topic, or phenomenon, which can significantly influence perceptions and decisions.