Use the Following to Answer Questions

question 225

Multiple Choice

Use the following to answer questions :
Figure: The Demand and Supply of Wheat
-(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of Wheat. A temporary price of $4 in this market would result in a _____ of _____ bushels.

• A)surplus; 4,000
• B)shortage; 2,000
• C)shortage; 4,000
• D)surplus; 2,000

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Definitions:

Customer Relations

The management of interactions and relationships between a business and its customers to improve satisfaction and loyalty.

Motivated Behavior

Actions that are driven by internal or external forces aimed at achieving a particular goal or satisfying a need.

Employee Engagement

Describes the level of enthusiasm and commitment an employee has towards their job and company.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reward or punishment.