FIGURE 3- 1 -Refer to Figure 3- 1. a Shift of the Demand

question 2

Multiple Choice

FIGURE 3- 1
-Refer to Figure 3- 1. A shift of the demand curve for energy- efficient light bulbs from D to D1 could be caused by

• A) a change in preferences toward ordinary light bulbs.
• B) a decrease in the price of energy- efficient light bulbs.
• C) a decrease in the price of ordinary light bulbs.
• D) a news bulletin stating that energy- efficient light bulbs emit a harmful gas.
• E) an expectation that government regulation will soon prohibit the use of ordinary light bulbs.

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Definitions:

3PL Warehouse

A third-party logistics provider that offers warehousing services among other supply chain management functions to its clients.

Distribution Center

A warehouse or storage facility where goods are stored and prepared for shipping to retail stores, wholesalers, or direct to consumers.

Supply And Demand

A fundamental economic model that explains how the price and quantity of goods and services are determined by the market based on their supply and buyer demand.

Transportation Economies

The cost-saving benefits achieved through efficient management of transportation activities, often through scale or optimized routing.