If Demand Decreases and Supply Increases,then the

question 98

Multiple Choice

If demand decreases and supply increases,then the

• A)equilibrium quantity increases but the effect on the equilibrium price is unknown.
• B)equilibrium quantity decreases but the effect on the equilibrium price is unknown.
• C)equilibrium price falls but the effect on equilibrium quantity is unknown.
• D)equilibrium price rises but the effect on equilibrium quantity is unknown.
• E)effect on both equilibrium price and quantity is unknown.

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Definitions:

New Prospects

Potential clients or customers who have been identified as likely to be interested in a product or service.

Replace Customers

The practice of finding new customers to compensate for those who no longer do business with a company, maintaining or growing the customer base.

Orphaned

In a business context, refers to accounts, clients, or projects that no longer have a specific person or team assigned to manage them.

Sales Representative

A person employed by a company to sell its products or services to customers, often responsible for managing customer relationships and achieving sales targets.