This Graph Depicts the Demand for a Normal Good

question 150

Multiple Choice

This graph depicts the demand for a normal good. A movement from A to C in the graph shown might be caused by:

• A) an increase in price.
• B) a decrease in price.
• C) an increase in income.
• D) a decrease in income.

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Definitions:

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

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A performance measurement tool used to identify and measure the contribution of human resources activities to the organization's strategy and goals.

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