A "Change in Demand" Is Caused Only by a Change

question 13

True/False

A "change in demand" is caused only by a change in the price of the good.

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Definitions:

Informal

Characterized by a relaxed, friendly, or unofficial style, manner, or nature.

Workforce Reduction

A decrease in the number of employees through means like layoffs, retirements, or resignations, often as a cost-saving or restructuring strategy.

Attrition

The reduction in workforce through employees leaving naturally (e.g., retirement, resignation) without being replaced.