If Both Market Demand and Supply Increase Simultaneously by the Same

question 37

Multiple Choice

If both market demand and supply increase simultaneously by the same magnitudes, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.

• A)​Not change; decrease
• B)​increase; increase
• C)​increase; not change
• D)​None of the above are correct

Understand the factors influencing creativity and motivation.

Differentiate between exploitative innovation and other forms of innovation.

Recognize and apply the steps in the decision-making model.

Distinguish between organizational structure innovation and process innovation.

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Definitions:

Charismatic Leaders

Individuals who inspire enthusiasm, devotion, and strong levels of adherence among their followers through their personal charm and persuasive talent.

Impression Management

The process through which individuals attempt to control the perceptions others have of them, often through strategic self-presentation tactics.

Firefighters

Emergency response personnel trained to deal with fire suppression, rescue operations, and hazardous situations.

Emotional Component

The feelings, emotions, and mood aspects that contribute to an individual's psychological state.