13. what determines the equilibrium price?\na. the board of directors of the corporations that own companies…

13. what determines the equilibrium price?\na. the board of directors of the corporations that own companies of products produced.\nb. the owners of the company or corporations.\nc. the intersection of the supply of a product and the quantity demanded by buyers, as indicated on a supply and demand curve chart.\nd. all of the above answers could play a role in the pricing of a companys product or service.\n14. if you were the new manager of a store where the previous manager did not help with daily operations, was very demanding of the employees and had \favorite\ workers for which he treated much better, what style of management would be best?\na. a flexible manager that was fair, worked with his employees, and adjusted well, based upon

13. what determines the equilibrium price?\na. the board of directors of the corporations that own companies of products produced.\nb. the owners of the company or corporations.\nc. the intersection of the supply of a product and the quantity demanded by buyers, as indicated on a supply and demand curve chart.\nd. all of the above answers could play a role in the pricing of a companys product or service.\n14. if you were the new manager of a store where the previous manager did not help with daily operations, was very demanding of the employees and had \favorite\ workers for which he treated much better, what style of management would be best?\na. a flexible manager that was fair, worked with his employees, and adjusted well, based upon

Answer

Brief Explanations:

  1. In economics, the equilibrium price is determined by the intersection of the supply - demand curves. The actions of the board of directors or company owners can influence price, but the fundamental determinant of equilibrium price is the market forces of supply and demand.
  2. Given the previous manager's unfair and non - hands - on approach, a flexible and fair manager who works with employees and adjusts to situations is the best style to improve the work environment.

Answer:

  1. c. The intersection of the supply of a product and the quantity demanded by buyers, as indicated on a supply and demand curve chart.
  2. A. a flexible manager that was fair, worked with his employees, and adjusted well, based upon what the issue demanded at the moment (think chameleon)