Which of the Following Is Likely to Shift the Demand

question 145

Multiple Choice

Which of the following is likely to shift the demand curve for engineers rightward,assuming all else equal?

• A) An increase in the wage rate paid to engineers
• B) A decrease in the wage rate paid to engineers
• C) A decrease in the prices of all products manufactured by engineers
• D) An increase in the productivity of engineers

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Definitions:

Departments

Distinct areas or divisions within an organization, each responsible for specific tasks or functions.

Cost Center

A division within an organization that does not directly add to profit but still incurs costs, such as a research and development department.

Maintenance Department

A division within an organization responsible for the upkeep, repair, and servicing of equipment and facilities.

Direct Expense

Expenses that can be directly attributed to the production of goods or services, such as raw materials and labor costs.