A Quota Limits How Far Market _____ Can Shift to the Right

question 78

Multiple Choice

A quota limits how far market _____ can shift to the right and causes price to ____.

• A) Supply;fall
• B) Supply;rise
• C) Demand;fall
• D) Demand;rise

---

Definitions:

Strategy

A comprehensive plan of action designed to achieve long-term or overall aims and objectives.

Life Cycle

A series of stages through which something (such as a product, organization, or individual) goes during its lifetime, from inception to termination or renewal.

Maturity Stage

A phase in the product lifecycle where sales growth slows down, and the product is widely accepted in the market.

Market Success

The achievement of significant positive outcomes in the marketplace, such as high sales, strong brand recognition, or consumer loyalty.