As a Result of an Increase in the Number of Demanders

question 178

Multiple Choice

As a result of an increase in the number of demanders for your firm's product, you should anticipate a________ price for your product than the current equilibrium price and a ________equilibrium quantity than the current equilibrium quantity.

• A)higher; higher
• B)higher; lower
• C)lower; higher
• D)lower; lower

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Definitions:

Integrator

A role or function that involves coordinating and combining different elements, resources, or systems to work effectively together.

Departments

Distinct parts of an organization, each focusing on a specific area of operation or expertise.

Coordination

The process of organizing people or groups so that they work together efficiently and effectively towards a common goal.

Liaison Role

Role occupied by a person who is assigned to help achieve coordination between his or her department and another department.