Which of the Following Events Would Cause an Upward Movement

question 63

Multiple Choice

Which of the following events would cause an upward movement along the demand curve for olives?

• A)​The number of people who purchase olives decreases.
• B)​Consumer income decreases, and olives are a normal good.
• C)​The price of pickles decreases, and pickles are a substitute for olives.
• D)​The price of olives rises.

Appreciate the importance of knowledge-based services.

Understand the significance of ethical and social responsibilities in operations management.

Recognize the critical decisions in operations related to manufacturing and service sectors.

Understand the concept of a knowledge society.

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Definitions:

Cognitive Psychologist

A specialist in psychology who studies mental processes such as perception, memory, thought, and problem-solving.

Play Behaviour

The range of activities performed for self-amusement that are often exploratory, expressive, and imaginative, particularly in children.

Job Incentive

A motivational factor or benefits given to employees to encourage increased productivity.

Cognitive Psychology

The branch of psychology focusing on mental processes such as perception, memory, thought, and problem-solving, and how they may affect behavior.