(Figure: Good Y and Good X II) Which of the Following

question 5

Multiple Choice

(Figure: Good Y and Good X II) Which of the following statements are TRUE? I. The demand curve for good Y shifted outward.
II) The demand curve for good Y shifted inward.
III) The demand curve for good X shifted inward.
IV) The price of good Y decreased, causing an increase in the quantity demanded of good Y.

• A) II and III
• B) I, III, and IV
• C) III and IV
• D) I and IV

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Definitions:

Employment Office

A place or department within an organization that handles hiring, job placements, and sometimes additional human resources functions.

Line Managers

Managers who have direct responsibility over a certain department or division within an organization, including the power to make decisions and oversee its employees’ work.

Legal Trouble

Situations or circumstances in which an individual or entity is involved in legal proceedings or litigation.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.