You Notice That the Price and Quantity of Wheat Both

question 214

Multiple Choice

You notice that the price and quantity of wheat both decrease. This observation can be the result of the

• A) demand curve for wheat shifting rightward.
• B) demand curve for wheat shifting leftward.
• C) supply curve of wheat shifting rightward.
• D) supply curve of wheat shifting leftward.

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Definitions:

Labour Force

The total number of people who are employed or actively seeking employment.

Functionalism

A sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability.

Unionized

Refers to workers who are members of a union, which represents their interests regarding wages, working conditions, and benefits.

Post-industrialization

A phase in economic development where a society transitions from a manufacturing-based economy to one focused on services and technology.