If the Number of Buyers in the Market Decreases, What

question 213

Multiple Choice

If the number of buyers in the market decreases, what will happen?

• A)Demand in the market will increase.
• B)Demand in the market will decrease.
• C)Supply in the market will increase.
• D)Supply in the market will decrease.

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Definitions:

Programmed

Describes tasks or decisions that follow a predetermined procedure or set of rules, often automated through technology.

Semiprogrammed

Decisions that have some elements of uncertainty and require a mix of established procedures and creative solutions.

Nonlinear

Nonlinear describes processes or relationships that do not follow a straight line or proportionality, showing complex dependencies.

Contingent Decisions

Decisions made based on the specific conditions or circumstances prevailing at the time, rather than following a strict policy or guideline.