Which of the Following Changes to the Market in the Graph

question 153

Multiple Choice

Which of the following changes to the market in the graph shown could cause the price floor to become non-binding?

• A) Demand could decrease, and shift to the left.
• B) Supply could increase, and shift to the left.
• C) Supply could increase, and shift to the right.
• D) Supply could decrease, and shift to the left.

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Definitions:

Management

Management involves the planning, organizing, directing, and controlling of resources, such as personnel, finances, and assets, to achieve organizational goals efficiently and effectively.

Transfer of Training

The ability of individuals to apply the skills and knowledge learned in one context to another context or situation effectively.

Activities

Tasks or actions carried out by individuals, often part of a wider process or to achieve specific outcomes.

Transfer System

Transfer System typically refers to mechanisms or processes for efficiently moving or reallocating resources, information, or individuals from one location, department, or system to another.