Once the Supply Curve for a Product or Service Is

question 20

Multiple Choice

Once the supply curve for a product or service is drawn,it

• A)remains stable over time.
• B)can shift either rightward or leftward.
• C)is possible to move along the curve,but the curve will not shift.
• D)tends to become steeper over time.

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Definitions:

Learned Needs

Psychological needs that are acquired through life experiences and socialization, influencing individuals' behavior and motivations in various contexts.

Affiliation

The sense of connection and belongingness between individuals or groups, often leading to mutually beneficial relationships.

Higher-order Need

A term in psychology referring to needs that go beyond basic survival, such as esteem, intimacy, and self-actualization.

Retirement Plan

A financial strategy designed to provide individuals with income or support upon ending their professional careers, often involving savings or investment programs.