-Refer to the Above Figure

question 98

Multiple Choice

-Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is TRUE?

• A) Only quantity supplied has increased.
• B) Only quantity demanded has decreased.
• C) Supply has increased.
• D) Supply has decreased.

Analyze the challenges posed by globalization on the Canadian labour market.

Conceptualize the relationship between trends and countertrends within environmental scanning.

Develop Strategic HR planning responses to environmental threats and opportunities.

Understand the importance and concepts of HR forecasting in organizational planning.

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Definitions:

Normal Approximation

A method used in statistics to estimate the distribution of various sample statistics using the normal distribution, particularly when the sample size is large.

Defective Items

Products or goods that fail to meet quality standards.

Sampling Distribution

The chance distribution of a chosen statistic, produced from a sample taken at random.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.