An Increase in Demand Combined with No Change in Supply

question 446

Multiple Choice

An increase in demand combined with no change in supply

• A) raises the equilibrium price.
• B) lowers the equilibrium price.
• C) results in only a movement rightward along the demand curve.
• D) decreases demand because the supply curve does not shift.

Comprehend the concept of channel conflict and its sources.

Recognize the role of power dynamics in supply chain relationships.

Differentiate between direct and indirect marketing channels.

Understand the impact of logistics and distribution centers in supply chain operations.

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Definitions:

Price-Discriminate

Price discrimination refers to the strategy where a company sells the same product to different customers at different prices based on factors such as willingness to pay, market segment, or geographic location.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price, indicating a high price sensitivity.

Inelastic Demand

Refers to a situation where the demand for a product is relatively unresponsive to changes in price.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.