Suppose That the Equilibrium Price of Blackberries Is $3 Per

question 11

Multiple Choice

Suppose that the equilibrium price of blackberries is $3 per pound, and the price of black raspberries (a substitute for blackberries) increases. What happens in the market for blackberries?

• A) An excess supply of blackberries at $3 per pound leads to an increase in quantity demanded and a decrease in quantity supplied.
• B) The demand curve for blackberries shifts to the right, reflecting an increase in both the equilibrium price and the quantity.
• C) An excess demand of blackberries at $3 per pound results in a new equilibrium price that is less than $3 per pound.
• D) The demand curve for blackberries decreases, reducing the equilibrium price and raising the equilibrium quantity.

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Definitions:

Sales Quotas

Targets set for sales professionals or teams, representing a specified number of products or services to be sold within a certain timeframe.

Territory Plans

Strategies or plans created to achieve sales targets within specific geographical areas, involving allocation of resources and activities.

Sales Call Allocation

The process of determining and assigning the appropriate amount of sales calls to different prospects or customers.

Nonselling Time

Periods during a salesperson's schedule that are not directly involved in selling activities, such as travel, administrative tasks, and training.