Examlex
Which of the following models of change is based on the notion that any change,no matter how large or small,produces a cascading effect throughout an organization?
Market Price
The amount of money that a product is bought or sold for in the marketplace; determined by supply and demand.
Surplus
A situation where the quantity supplied of a good exceeds the quantity demanded, often leading to lower prices or stored inventory.
Shortage
Occurs when the quantity demanded of a good exceeds its supply at a given price, leading to an unmet demand in the market.
Quantity Supplied
The total amount of a product or service that producers are willing and able to sell at a given price over a specified period.
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