A Decrease in Supply of Good X Means

question 260

Multiple Choice

A decrease in supply of good X means:

• A)a shift to the left of the entire supply curve for good X.
• B)a movement down the supply curve as prices of good X go down.
• C)that less of good X will be demanded at every price.
• D)that more of good X will be supplied at every price.

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Definitions:

Representative Workforce

An employee base that reflects the diversity of the demographic composition of the society it operates in.

Demographic Composition

The statistical characteristics of a population, including aspects such as age, race, gender, and income levels.

Employment Equity Program

A policy aimed at eliminating discrimination and promoting equal opportunity for all job applicants and employees in the workplace.

Workplan

A detailed outline of tasks, resources, timelines, and goals for a project or business initiative, intended to guide implementation and track progress.