If There Is a Decrease in Demand

question 80

Multiple Choice

If there is a decrease in demand

• A)​firms would be willing to supply less of the good than before at each possible price.
• B)​buyers are willing to purchase less of the good than before at each possible price.
• C)​buyer's taste for the good has increased.
• D)​the price of the product has increased, causing consumers to buy less of the product.

---

Definitions:

Organizational Learning

The capacity of an organization to acquire, apply, and transfer knowledge to improve its performance over time.

Double-Loop Learning

A learning process where errors are corrected by reevaluating and modifying the underlying norms, policies, and objectives that led to the errors, in contrast to single-loop learning which focuses only on fixing the errors themselves.

Entire System

Entire system refers to all components or elements of a system functioning together as a whole, in any field such as information technology, business, or ecological studies.

Positive Feedback

A process in which the effects of a small disturbance on a system include an increase in the magnitude of the perturbation.