(Figure: Predicting Demand Shifts) Which Factor Would Change Demand from D₀

question 1

Multiple Choice

(Figure: Predicting Demand Shifts) Which factor would change demand from D₀ to D₁?

• A) an increase in consumer income if this is the demand for an inferior good
• B) a change in consumer tastes so that consumers want less of the good
• C) an increase in the price of a substitute good
• D) an increase in the price of a complement

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Definitions:

Functional Silos Problem

Occurs when members of one functional team fail to interact with others from other functional teams.

Functional Units

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External Issues

Events, situations, or conditions outside an entity (such as an individual, organization, or state) that pose challenges or opportunities and require strategic responses.

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A team that meets regularly to address quality issues.