Which Chain of Events Occurs in the Correct Order

question 16

Multiple Choice

Which chain of events occurs in the correct order?

• A)quantity supplied increases, price increases, demand increases
• B)price increases, demand increases, quantity supplied increases
• C)demand increases, price increases, quantity supplied increases
• D)demand increases, quantity supplied increases, price increases.

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Definitions:

Differentiation

The process or strategy of making a product, service, or brand stand out from its competitors by having unique features, quality, or identity.

Products

Goods or services that are created through a process and offered in the market to satisfy the needs or wants of customers.

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.