Suppose the Graph Shown Depicts the Demand for a Normal

question 4

Multiple Choice

Suppose the graph shown depicts the demand for a normal good. A shift from A to B might be caused by:

• A)a decrease in the price of a substitute.
• B)a decrease in the price of a complement.
• C)an increase in the price of a complement.
• D)an increase in the good's price.

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Definitions:

Decentralized

A system of management or governance that distributes power away from a central authority and more towards individual units or locations.

Downsizing

The planned reduction of a company's workforce to improve efficiency, reduce costs, or become more competitive.

Productivity

The efficiency at which a person, company, or system can convert inputs into useful outputs.

Self-Managing Team

A group of workers who manage their daily duties under little to no supervision.