A Change in Quantity Supplied

question 100

Multiple Choice

A change in quantity supplied

• A) is represented by a shift in the supply curve.
• B) is represented by a movement along the supply curve.
• C) happens only when the price increases.
• D) happens only when the price decreases.
• E) is positive if the price of the good decreases.

Identify the types of staffing models and their application in multinational corporations.

Understand the strategic alliances and cooperative strategies between firms in international business.

Recognize the significance of human resources management practices in a global context.

Grasp the implications of international labor standards and practices on global workforce management.

---

Definitions:

Price Level

An index that measures the average price of goods and services in an economy at a specific time.

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services that producers in an economy are willing to produce and sell at different price levels.

Horizontal Segment

In graphical analyses, a part of a line or curve that runs parallel to the horizontal axis, indicating constant value or absence of change.

Classical Range

Pertains to the portion of the aggregate supply curve where output is influenced by changes in price level, assuming full employment and fixed resource prices.