If = 150, and Price Decreases by 20 Percent, Then

question 22

Multiple Choice

If = 1.50, and price decreases by 20 percent, then:

• A)quantity demanded will decrease by 30 percent.
• B)quantity demanded will increase by 30 percent.
• C)total revenue will remain unchanged.
• D)total revenue will decrease.
• E)quantity demanded will increase by 3 percent.

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Definitions:

Recognize Union

The formal acceptance by an employer of a labor union as the representative body for its workforce, typically after a majority vote by the employees.

No-Solicitation Rules

Rules set by employers that limit or prohibit the solicitation (including union solicitation) within the workplace, often to maintain workflow and avoid disruptions.

Union Representation

The act of a union acting as an intermediary between its members and the employer, negotiating on behalf of workers to improve their working conditions and rights.

Long Hours

Extended periods of work time that exceed the standard working hours, often associated with high workload demands and potentially impacting workers' health and work-life balance.