If We Observe a Rise in the Equilibrium Price of Good

question 90

Multiple Choice

If we observe a rise in the equilibrium price of good A,we know that either the demand for A has

• A)increased or the supply of A has decreased or both.
• B)increased or the supply of A has increased or both.
• C)decreased or the supply of A has increased or both.
• D)decreased or the supply of A has decreased or both.
• E)none of the above.

---

Definitions:

Sales-oriented

A business approach that focuses primarily on making sales or transactions, often prioritizing volume over customer relationship or product quality.

Inventory Level

The quantity of goods or materials held in stock by a business at any given time.

Advertising Spending

The amount of money allocated by companies or organizations to promote their products, services, or brand through various media channels.

Customer Relationship Management

A strategy for managing an organization's interactions with current and future customers, using data analysis to improve business relationships, particularly customer retention and sales growth.