One Reason Why the Quantity Demanded of a Good Increases

question 42

Multiple Choice

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

• A)lower price 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:

Empowering

The act of giving someone the authority or confidence to do something, fostering independence and self-determination.

Suggestion Involvement

The act of making proposals or recommendations as a part of the engagement in a process or discussion.

Theory Y

A management theory that assumes employees are self-motivated, enjoy work, and will take responsibility if given the opportunity.

Subordinates

Individuals who are under the authority or control of someone else in an organizational hierarchy.