If We Say That Demand Has Increased, We Mean That

question 179

Multiple Choice

If we say that demand has increased, we mean that there has been

• A)a leftward movement along the demand curve
• B)a rightward movement along the demand curve
• C)a leftward shift of the demand curve
• D)a rightward shift of the demand curve
• E)an increase in the slope of the demand curve

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Definitions:

Unions

Associations of workers formed to negotiate collectively with employers over wages, work conditions, and rights; another term for labor unions.

Industrial Relations School

An academic field of study that focuses on the relationships between employers, employees, unions, and the government in the workplace and the labor market.

Legal Treatment

The manner in which a matter is handled in a legal context, including the application of laws, regulations, and judicial rulings.

Legally Sanctioned

Actions or behaviors that are permitted or approved by law, often implying that they are backed by legal authority or enforcement mechanisms.