-Refer to the Above Figure

question 410

Multiple Choice

-Refer to the above figure. Which diagram shows the effect on the market of cellphones when the demand for cellphones has increased?

• A) graph C
• B) graph D
• C) neither graph
• D) both graphs

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Definitions:

Labor Union

An organization of workers formed to protect and advance their members' interests regarding working conditions, wages, and benefits.

Industrial Democracy

A model or concept where workers have a direct or indirect say in the management and decision-making processes of their workplace.

Union Members

Individuals who belong to a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.

Economic Rewards

Financial benefits or incentives provided to stimulate performance, recognize achievements, or motivate behaviors aligned with organizational goals.