One Reason That the Quantity Demanded of a Good Tends

question 48

Multiple Choice

One reason that the quantity demanded of a good tends to rise as its price falls is that:

• A)the decrease in price shifts the supply curve downward.
• B)people feel a bit richer and increase their use of the good.
• C)demand has to rise to restore equilibrium after a price reduction.
• D)suppliers are willing to supply more at lower prices.
• E)the decrease in price shifts the demand curve upward.

Distinguish between training and development and their relevance to job performance.

Understand the need for training stemming from organizational changes such as restructuring and downsizing.

Learn about performance management processes and their role in identifying training needs.

Recognize the concept of a high-performance work system and its reliance on employee skills and commitment.

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Definitions:

Greenhouse Effect

The warming of Earth's surface and lower atmosphere caused by the presence of certain gases in the air which trap energy from the sun.

Earth

The third planet from the Sun, uniquely supporting a vast diversity of life forms due to its suitable environmental conditions.

Mountain Biomes

Ecosystems found in high elevation regions, characterized by diverse climates and biotic communities depending on altitude.

Human Impacts

The effects and consequences of human activities on the environment, including those that alter the Earth's natural processes.