EvaluateAn Increase in Demand Causes Price to Rise Which, in Turn

question 50

Essay

Evaluate.An increase in demand causes price to rise which, in turn, causes demand to fall.Therefore, an increase in demand will not have lasting effects.

---

Definitions:

Behavioural Component

The aspect of psychology that involves the observable actions and reactions of an individual or group, in response to external or internal stimuli.

Attitude

A settled way of thinking or feeling about something, reflecting an individual's likes, dislikes, and predispositions.

Organizational Citizenship Behaviours

voluntary actions by employees that contribute to the organization by improving its overall environment and functioning, beyond their required duties.

Job Requirements

Specifications and qualifications necessary for performing a specific job.