If the Supply and Demand Curves Intersect at $47, Then

question 196

Multiple Choice

If the supply and demand curves intersect at $47, then any price above that would result in:

• A)a shortage.
• B)a surplus.
• C)equilibrium.
• D)an increase in demand.

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Definitions:

Power and Influence

refer to the capacity to affect the behavior of others or the course of events and the ability to shape outcomes through persuasion or authority.

Organizational Resistance

Organizational resistance is the pushback or opposition by employees or groups within a company against changes or new policies introduced by management.

Resource Limitations

Constraints on the availability of resources such as time, money, manpower, and materials that can impact the execution of projects or tasks.

Interorganizational Agreements

Formal agreements between two or more organizations to cooperate on certain projects or share resources.