James Specializes in College-Level Economics Tutoring

question 111

Multiple Choice

James specializes in college-level economics tutoring.He knows that during the two weeks before finals he can charge more for an hour of private tutoring.Expecting this price increase,James will

• A) supply less tutoring now,shifting supply to the left.
• B) supply more tutoring now,shifting supply to the right.
• C) supply less tutoring now,shifting supply to the right.
• D) supply more tutoring now,shifting supply to the left.
• E) change the price of tutoring without any shift in supply.

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Definitions:

Ethical Concern

Issues or situations that require a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Organisational Analysis

A systematic study of an organization's structure, functions, and dynamics to identify areas of improvement or development.

External Environment

Factors outside an organization that can affect its performance, including economic, political, social, and technological aspects.

Moral Principles

Fundamental beliefs regarding what is right and wrong that serve as a foundation for ethical behavior and decision-making.