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The following equations represent the demand and supply for silver pendants. QD = 50 - 2P
QS = -10 + 2P
What is the equilibrium price (P) and quantity (Q - in thousands) of pendants?
Developmental
Pertaining to growth or progress, often used in contexts relating to personal, professional, or organizational advancement.
Organizational Behavior Modification (OBM)
A plan for managing the behavior of employees through a formal system of feedback and reinforcement.
Informal System
An unstructured and unofficial means of operation within an organization, consisting of activities and communications that are not prescribed by formal rules, policies, or structures.
Reinforcement
The process of encouraging or establishing a behavior through rewards or punishments.
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