The Figure Given Below Shows the Demand [D and D']

question 43

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-Which of the following is true of earnings from land?

• A)An increase in economic rent leads to an increase in the supply of land.
• B)A decrease in transfer earnings from land leads to an increase in its demand.
• C)An increase in economic rent does not lead to an increase in the supply of land.
• D)A decrease in transfer earnings from land leads to a decrease in its supply.
• E)An increase in economic rent raises the elasticity of supply of land.

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Definitions:

Poor Service

Substandard service delivery that fails to meet customer expectations or requirements.

Value Chain Management

The process of managing activities and processes to create value for customers, from product design to final sales and after-sales service.

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Quality Chain

A sequence of activities or processes that aim to ensure and enhance the quality of products or services at every stage.