A Decrease in Demand Will Cause a Decrease in Price

question 121

True/False

A decrease in demand will cause a decrease in price, which will cause a decrease in supply.

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Definitions:

Budget

A plan that commits resources to projects or activities.

Vision

A future-oriented declaration of the organization's goals and aspirations, intended to guide its internal decision-making.

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.