An Increase in Demand Will Always

question 137

Multiple Choice

An increase in demand will always

• A)increase producer surplus.
• B)increase producer surplus and increase consumer surplus.
• C)decrease consumer surplus and increase consumer surplus.
• D)increase consumer surplus.

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Definitions:

Human Capital

The collective skills, knowledge, and abilities of an organization's workforce that contribute to its economic value.

Designated Groups

Specific groups identified in employment equity or affirmative action plans that are recognized for special measures or considerations due to past discrimination.

Organizational Opportunities

Chances or prospects within an organization for career growth, development, or advancement.

HR Forecasting

The process of predicting an organization's future human resources needs based on current data, trends, and projections.