Figure: Demand Shift Which of the Following Could Explain

question 249

Multiple Choice

Figure: Demand Shift Which of the following could explain the figure?

• A) Consumer income increases in the market for a normal good.
• B) Consumer income falls in the market for a normal good.
• C) Consumer income rises in the market for an inferior good.
• D) Consumer income remains the same and the price of the good falls.

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Definitions:

External Supply

A term comparable to External Labour Supply, referring to the pool of potential employees outside an organization available to meet its HR needs.

Skills Gaps

The difference between the skills required for a job and the actual skills possessed by employees, indicating a need for additional training or hiring.

Skills Inventory

A comprehensive list or database that details the skills, qualifications, and experiences of employees within an organization.

Management Inventory

An assessment tool or database used to track and evaluate the skills, qualifications, and development needs of management personnel within an organization.