If,in Response to an Increase in the Price of Pineapples,the

question 1

Multiple Choice

If,in response to an increase in the price of pineapples,the quantity of pineapples demanded decreases,then economists would describe this as

• A)an decrease in demand.
• B)a decrease in quantity demanded.
• C)a change in consumer income.
• D)a decrease in consumers' taste for pineapples.

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Definitions:

MRP

Material Requirements Planning is a methodology used in manufacturing to identify the materials needed and organize the production schedule effectively.

Finite Capacity Scheduling

A detailed planning method that ensures production activities are scheduled within the constraints of available resources and capacity.

MRP

Material Requirements Planning, a system for managing manufacturing processes by calculating materials, components, and schedule needs.

Time-Phased Product Structure

A detailed chart representing the timing and quantity of each component needed in the manufacturing process over time.