Use the Following to Answer Questions

question 66

Multiple Choice

Use the following to answer questions:
Figure: Demand, Supply Shifts
-(Figure: Demand, Supply Shifts) In the figure, the initial demand curve is D₁ and the initial supply curve is S₁. If this depicts the equilibrium in the market for computer printers, what will happen when the price of computers increases?

• A) There is not enough information to determine what will happen.
• B) D₁ will shift to D₂.
• C) D₁ will shift to D₃.
• D) S₁ will shift to S₃.

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Definitions:

Decentralization

The distribution of decision-making powers from a central authority to local or individual levels within an organization or system.

Horizontal Specialization

An organizational structure approach that involves dividing work into specialized tasks or roles based on function or expertise at the same hierarchical level.

Organizational Design

Organizational design is the process of choosing and implementing a structural configuration for an organization.

Small-batch Production

A manufacturing process characterized by the production of small quantities of goods, allowing for flexibility and customization.