Changes in Population Can

question 13

Multiple Choice

Changes in population can

• A) alter the supply of a good or service in an area.
• B) shift the supply curve of a good or service in an area.
• C) cause the price of a good or service to increase in an area but cannot cause the price to decrease.
• D) cause the price of a good or service to decrease in an area but cannot cause the price to increase.
• E) shift the demand curve of a good or service in an area.

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Definitions:

Coefficient Of Variation

A statistical measure of the relative dispersion of data points in a data series around the mean, expressed as a percentage.

Safety Inventories

Additional stocks held beyond expected demand to mitigate the risk of stockouts due to demand and supply variability.

Centralization

The concentration of decision-making authority at the top levels of an organization, often leading to more consistent and efficient policy implementation.

Product Variety

The range of different items or products a company offers to meet diverse customer needs or preferences.