If Demand Decreases and Supply Increases,then the

question 81

Multiple Choice

If demand decreases and supply increases,then the

• A)equilibrium quantity increases,but the effect on the equilibrium price is unknown.
• B)equilibrium quantity decreases,but the effect on the equilibrium price is unknown.
• C)equilibrium price falls,but the effect on the equilibrium quantity is unknown.
• D)equilibrium price rises,but the effect on the equilibrium quantity is unknown.
• E)effect on both equilibrium price and quantity is unknown.

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Definitions:

Output Standards

Measure performance results in terms of quantity, quality, cost or time.

Performance Results

The outcomes or outputs stemming from the activities or tasks performed by an individual or organization, often measured against set goals or standards.

Accomplished Work

The completed tasks or projects that have been successfully carried out.

Controlling Function

One of the core functions of management, involving monitoring performance and implementing necessary actions to achieve organizational goals.