Exhibit 3-3

question 174

Multiple Choice

Exhibit 3-3

                          Good Y
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Refer to Exhibit 3-3. A shift in demand from D₁ to D₂ can NOT occur from a change in the

• A)population.
• B)price of a substitute for good Y.
• C)average income of good Y buyers.
• D)price of good Y.

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Definitions:

Uncertain Future

pertains to the unpredictability of events, developments, or outcomes in times ahead.

Performance Pressures

The demands or stress placed on individuals or organizations to achieve high levels of output or success.

Analyzing Alternatives

The process of evaluating different options or approaches to identify the most effective solution to a problem or decision.

Best Course of Action

The most appropriate or effective decision or strategy to take in a given situation.