When the Supply Curve Shifts to the Left and the Demand

question 110

True/False

When the supply curve shifts to the left and the demand curve remains unchanged, the price for the product or service will fall.

---

Definitions:

Human Resources

The department within an organization that is responsible for hiring, training, employee relations, and benefits, aiming to maximize employee performance.

Performance Review

A formal assessment where an employee's work performance is evaluated, often to inform decisions on promotions, pay raises, and development.

Dissimilar Fillers

are non-relevant stimuli used in memory and recognition tasks in experiments to prevent participants from using cues or patterns in the test material to aid their recall or recognition.

Mistaken Identifications

Incorrectly recognizing a person or item as being someone or something else, often leading to false assumptions or judgments.