Which of the Following Is the MOST Likely Effect of a Decrease

question 148

Multiple Choice

Which of the following is the MOST likely effect of a decrease in the price of flashlights upon the market for batteries?

• A) increased equilibrium price and decreased equilibrium quantity
• B) decreased equilibrium price and decreased equilibrium quantity
• C) increased equilibrium price and increased equilibrium quantity
• D) decreased equilibrium price and increased equilibrium quantity

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Definitions:

Employee

An individual who works part-time or full-time under a contract of employment, providing labor to an employer in return for wages or salary.

Management Functions

Activities such as planning, organizing, leading, and controlling that are performed by management to efficiently and effectively coordinate the work of an organization.

Planning

The process of making plans for something, including setting goals and determining the means to achieve them.

Organizing

The act of arranging elements following one or multiple logics with the aim to reach a specific goal or manage a system of complexity.