A Shift in the Demand Curve Will Occur When

question 249

Multiple Choice

A shift in the demand curve will occur when

• A)suppliers place more goods on the market.
• B)the price of a good rises.
• C)consumers want to buy more or less than before at a given price.
• D)the price of the good falls.

Understand the concept of bounded rationality and its impact on problem identification.

Recognize the effects of information overload on decision making.

Identify the stages of the rational decision-making model where specific biases occur.

Define and recognize different cognitive biases, such as not-invented-here bias and anchoring effect.

---

Definitions:

Africa

The second-largest continent on Earth, known for its rich cultural heritage, diverse ecosystems, and vast natural resources.

Business Incubator

A company that helps find and grow new businesses.

Start-Up Businesses

New businesses that are in the initial stages of operation, often characterized by innovation, scalability, and seeking investment.

Office Space

Physical locations or areas designated for business operations and work of employees in an organization.