A Shift of the Demand Curve from D1 to D2

question 369

Multiple Choice

A shift of the demand curve from D1 to D2 in Figure 11-3b above indicates

• A) fewer units are demanded at the given price.
• B) more units are demanded at the given price.
• C) the price has decreased.
• D) the price has increased.
• E) there is not enough information given to indicate what happened.

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Definitions:

Skill Variety

the degree to which a job requires a range of different activities and skills to carry out the work involved.

Task Identity

The degree to which a job requires the completion of a whole and identifiable piece of work, providing a sense of accomplishment to the person doing the job.

Autonomy

The degree of freedom and independence an individual or entity has to make decisions or take actions without external control or influence.

Client Relationships

The professional connections and interactions between a business and its clients, focusing on communication, trust, and service quality.