A Decrease in the Demand for Bananas with No Concurrent

question 33

Multiple Choice

A decrease in the demand for bananas with no concurrent change in the supply of bananas will result in a ________ equilibrium price and a(n) ________ equilibrium quantity.

• A)higher; lower
• B)lower; lower
• C)higher; unchanged
• D)higher; higher

---

Definitions:

Cost Leadership

A competitive advantage strategy by minimizing operational costs to offer products or services at the lowest price in the market.

Manufacturing Facilities

Locations where products are produced or assembled.

Capacity Allocation

The process of assigning available resources or space to various operations, tasks, or productions within an organization.

Facility Role

The defined responsibilities and functions of a facility within an organization or network, such as manufacturing, storage, or distribution.