The Impact of an Increase in the Price of a Particular

question 47

Multiple Choice

The impact of an increase in the price of a particular good is illustrated as a

• A) leftward shift in its demand curve.
• B) rightward shift in its demand curve.
• C) movement upward and to the left along its demand curve.
• D) movement downward and to the right along its demand curve.
• E) rightward shift in its demand curve and a movement upward and to the left along its demand curve.

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Definitions:

Personnel Policies

Guidelines and rules set by an organization to govern its human resource practices and manage its employees.

Recruiter

A Recruiter is a professional who helps organizations find and hire qualified candidates for open positions, often specializing in a particular industry or job type.

Performance Evaluation

A systematic process to assess an employee's job performance and productivity, usually involving comparison against set standards.

Downsizing

The reduction of an organization's workforce to improve its efficiency and reduce costs, often involving layoffs.