A Change in a Relevant Factor Other Than the Price

question 3

Multiple Choice

A change in a relevant factor other than the price of the good itself causes a ________ the demand curve, and a change in a good's own price causes a ________ the demand curve.

• A)shift of; shift of
• B)shift of; movement along
• C)movement along; shift of
• D)movement along; movement along

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Definitions:

Organizational Mission

A written declaration of an organization's core purpose and focus that remains unchanged over time.

Decision Making

Identifying and picking choices guided by the values, tastes, and beliefs of the person making decisions.

Bureaucratic Control

A system to manage an organization through a set of formal rules and procedures to ensure efficiency and effectiveness.

Organizational Interests

Encompass the aims, goals, or objectives that an organization seeks to achieve.