Figure: Supply Shift in the Figure,the Supply Curve Shifted

question 190

Multiple Choice

Figure: Supply Shift In the figure,the supply curve shifted from S₀ to S₁.To describe this movement,we would say that:

• A) demand decreased,which caused a decrease in supply.
• B) supply decreased,which caused a decrease in quantity demanded.
• C) supply decreased,which caused a decrease in demand.
• D) supply increased,which caused a decrease in quantity demanded.

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Definitions:

Law School

An educational institution where students study law and legal practices to become qualified lawyers.

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An unwritten set of expectations between an employee and their employer regarding mutual obligations and benefits.

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The process through which individuals learn and adopt the norms and behaviors necessary for future roles and social adjustments.

Psychological Contract

The unwritten and unspoken expectations and beliefs regarding the reciprocal obligations between employees and employers.