A Fall in the Price of Raw Milk (Which Is

question 143

Multiple Choice

A fall in the price of raw milk (which is used in the production of ice cream) will

• A)decrease the supply of ice cream,causing the supply curve of ice cream to shift to the left.
• B)increase the supply of ice cream,causing the supply curve of ice cream to shift to the right.
• C)decrease the supply of ice cream,causing the supply curve to shift to the right.
• D)have no effect on the supply curve of ice cream but cause a downward movement along the supply curve of ice cream.
• E)increase the supply of ice cream,causing the supply curve to shift to the left.

---

Definitions:

Supply Chain Processes

The series of steps involved in producing and distributing goods, from raw materials to the delivery of finished products to consumers.

Decision Phases

The stages in the decision-making process, typically including identification, development, and selection.

Supply Chain

The entire process of making and selling commercial goods, including production, handling, transportation, and distribution, from raw materials to the final customer.

Push/Pull View

The Push/Pull View of supply chains differentiates between processes that are driven by forecasted demand (push) and processes that are activated by customer demand (pull).