If the Demand Increases, What Happens with the Supply Curve

question 164

Multiple Choice

If the demand increases, what happens with the supply curve?

• A) The supply increases.
• B) The supply decreases.
• C) There is a movement rightward along the supply curve.
• D) There is a movement leftward along the supply curve.

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Definitions:

Boundaryless Sourcing

A business strategy that involves procuring goods or services from any supplier globally without geographical restrictions.

Outsourcing

The practice of hiring third-party vendors to perform services or produce goods that were previously handled in-house.

External Environment

The surrounding conditions, including economic, legal, political, technological, and social factors, that influence an organization's operations from outside.

Team Structures

The organizational framework of a team, outlining roles, responsibilities, and relationships among its members, aimed at effective collaboration.