One Reason That the Quantity Demanded of a Good Increases

question 133

Multiple Choice

One reason that the quantity demanded of a good increases when its price falls is that the

• A) price decline shifts the supply curve to the left.
• B) lower price shifts the demand curve to the left.
• C) lower price shifts the demand curve to the right.
• D) lower price increases the real incomes of buyers, enabling them to buy more.

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Definitions:

Task Over People

A management approach prioritizing task completion and organizational goals over individual employee needs or concerns.

Command-and-control

A hierarchical method of management and decision-making where orders are issued from the top down, and control is maintained through a rigid organizational structure.

Fiedler's Contingency Model

A leadership theory proposing that effective leadership is dependent on the match between a leader's style and the degree to which the situation gives control to the leader.

Least-preferred Co-worker Scale

The Least-preferred Co-worker Scale is a psychological tool used to measure an individual’s leadership style based on their attitudes toward the least preferred co-worker.