Which of the Following Describes How a System at Equilibrium

question 15

Multiple Choice

Which of the following describes how a system at equilibrium will respond to a decrease in product concentration?

• A) The equilibrium will shift to the left.
• B) The equilibrium will shift to the right.
• C) The equilibrium will not shift to either the right or the left.

---

Definitions:

Industry Trends

Patterns and changes in industry behavior, techniques, technology, and market demand that influence the direction of an industry over time.

Customer Tastes

Refers to the preferences, likes, or dislikes of consumers, which can influence their purchasing decisions.

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice wherein trading partners coordinate their demand forecasting, inventory management, and production and purchasing planning.

Macroeconomics Factors

The broad external economic forces that affect an economy's performance, including inflation, unemployment rates, and GDP growth.