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question 274

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Use the following to answer questions :
Figure: The Market for Oranges in South Africa Use the following to answer questions : Figure: The Market for Oranges in South Africa   -(Figure: The Market for Oranges in South Africa)  Look at the figure The Market for Oranges in South Africa. In autarky, the price of oranges in South Africa is P<sub>1</sub>. When the economy is opened to trade, the price falls to P<sub>W</sub> and consumer surplus will _____ to area _____. A) fall; M B) fall; M + N C) rise; M + N + O D) rise; M + N + O + P
-(Figure: The Market for Oranges in South Africa) Look at the figure The Market for Oranges in South Africa. In autarky, the price of oranges in South Africa is P1. When the economy is opened to trade, the price falls to PW and consumer surplus will _____ to area _____.


Definitions:

Management Practices

Methods, strategies, or procedures implemented by a management team to help an organization reach its goals and maintain efficiency.

Contingency Factors

External or internal variables that can influence the effectiveness of organizational strategies or leadership styles, depending on the specific situation.

Motivational Practice

Techniques or strategies used by organizations or individuals to enhance motivation towards achieving certain goals.

Desired

Something that is longed for or wanted; can pertain to goals, outcomes, or properties sought in various contexts.

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