The Figure Given Below Shows the Demand and Supply Curves

question 16

Multiple Choice

The figure given below shows the demand and supply curves in the market for coffee. S₁ and D₁ are the original demand and supply curves.Figure 3.5
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-Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year?

• A)Demand has increased
• B)Demand has decreased
• C)Supply has increased
• D)Supply has decreased
• E)Quantity supplied has decreased

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Definitions:

Developmental Needs

The requirements necessary for an individual's growth, learning, or improvement in their capabilities or potential.

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A comprehensive evaluation method where feedback on an individual's performance is collected from multiple sources, including peers, subordinates, and supervisors.

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The practice of moving managers through a variety of roles or positions within an organization to broaden their experience and skills.