An Ambiguous Change in Price and a Decrease in Quantity

question 163

Multiple Choice

An ambiguous change in price and a decrease in quantity are most likely caused by:

• A)no shift in supply and a shift to the left in demand.
• B)a shift to the left in supply and a shift to the left in demand.
• C)a shift to the right in supply and a shift to the left in demand.
• D)a shift to the left in supply and a shift to the right in demand.

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Definitions:

Pride And Purpose

A sense of self-respect and confidence combined with a clear aim or goal, often motivating individuals or groups.

Professionalism

The conduct, behavior, and attitude expected of someone in a work or business environment, demonstrating competence and ethical standards.

Dependable And Accountable

Characteristics of being reliable in fulfilling one's duties and responsibilities, and willing to accept responsibility for one's actions.

Actively Listening

The process of fully concentrating, understanding, responding, and remembering what is being said.