An Increase in the Number of Consumers

question 340

Multiple Choice

An increase in the number of consumers

• A) results only in a movement along the demand curve.
• B) shifts the demand curve rightward.
• C) shifts the supply curve leftward
• D) Both answers B and C are correct.

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Definitions:

Formal Group

An organized collection of individuals with a defined structure that is established to achieve specific goals.

Organizational Boundaries

Limits that define an organization's structure, roles, and responsibilities, and separate it from its environment and other organizations.

Grapevine Network

An informal communication network within an organization, characterized by the personal, unofficial sharing of information among employees.

Laissez-Faire Leadership

A leadership style characterized by minimal supervision, where leaders provide tools and resources but allow individuals to solve problems on their own.