When There Is a Decrease in Demand

question 29

Multiple Choice

When there is a decrease in demand,

• A)the demand curve shifts to the right of the original demand curve.
• B)the demand curve rotates clockwise.
• C)the demand curve shifts to the left of the original demand curve.
• D)the demand curve rotates counterclockwise.
• E)a lower price has increased the amount of the good that consumers will buy.

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Definitions:

Centralizing Production

The process of consolidating production activities and operations into a single or fewer locations to improve efficiency and control.

Meganational Strategy

A business approach that emphasizes global-scale operations and market presence.

Differentiation Strategy

A marketing strategy in which a company develops a unique product or service to stand out from competitors.

Cost-Leadership

A competitive strategy that aims to achieve the lowest cost of operation within the industry, often leading to lower prices for consumers.