Which of the Following Best Reflects an Increase in Quantity

question 414

Multiple Choice

Which of the following best reflects an increase in quantity demanded and not an increase in demand?

• A) A college expects enrollment to increase, despite no change in the tuition.
• B) Skiing becomes a fashionable winter sports activity.
• C) The price of hair styling falls.
• D) Consumers expect lower prices next month for computers.

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Definitions:

Tacit Knowledge

Unwritten, unspoken, and hidden vast storehouse of knowledge held by practically every normal human being, based on his or her experiences.

Learned Experience

Knowledge or skills acquired through involvement in or exposure to particular activities or events.

Historical Measures

Quantitative data or statistics from the past used to guide or inform future decisions or strategies.

Human Capital Requirements

The skills, knowledge, and experience needed by employees to effectively contribute to an organization's success.