Select the Phrase That Correctly Completes the Following Statement

question 125

Multiple Choice

Select the phrase that correctly completes the following statement."An increase in input prices caused a decrease in the supply of baseballs.As a result ________."

• A)the price of baseballs increased and the demand for baseballs decreased
• B)the equilibrium quantity of baseballs increased
• C)the price of baseballs increased and the quantity demanded of baseballs decreased
• D)the price of baseballs increased. The higher price caused the supply of baseballs to increase

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Definitions:

Extend Enterprise

The expansion of an organization's outreach beyond its traditional boundaries, involving collaboration with external partners or integrating technology to improve efficiency and market reach.

Supply Chain Management

Monitoring the flow of products, information, and financial resources as they transition from the supplier through to the manufacturer, wholesaler, retailer, and eventually the consumer.

Distribution Channels

Pathways and intermediaries through which a product or service flows until it reaches the end consumer.

Supply Chains

Networks of individuals, organizations, resources, activities, and technologies involved in the production and delivery of a product or service.