An Increase in Demand

question 13

Multiple Choice

An increase in demand:

• A) results in a leftward shift of the demand curve.
• B) could be caused by a decrease in the price of the good.
• C) could be caused by an increase in the price of a substitute good.
• D) is shown as movement down along a demand curve.

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Definitions:

Performance Determinants

Performance determinants are factors that can influence an individual's or organization's ability to achieve objectives, including skills, resources, and external conditions.

Flexible Leadership Theory

A theory suggesting organizations can achieve success through adaptable leadership practices tailored to operational requirements, change, and efficiency.

External Environment

All factors outside an organization that can potentially affect its performance and operations.

Volatile

Characterized by rapid, unexpected changes or instability, often associated with financial markets, chemicals, or situations.