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:

Group Cohesiveness

the extent to which members of a group are attracted to each other and motivated to stay in the group, affecting the group's overall performance.

Intergroup Conflicts

Disputes or disagreements that occur between different groups or teams, often resulting from competition for resources or differences in objectives.

Group Loyalty

is the commitment and strong emotional attachment members feel towards their group, often prioritizing group goals over personal ones.

Functional Conflict

Conflict that is constructive and encourages diversity of thought, leading to improved decision-making and innovative solutions within an organization.