In Recent Years, There Has Been a Rapid Increase in Consumption

question 169

Multiple Choice

In recent years, there has been a rapid increase in consumption of sushi in Canada and yet, the price of sushi has remained relatively stable.An explanation for this phenomenon could be:

• A)although the demand for sushi has gone up, the supply of fish (an input in the production of sushi) has declined as well.
• B)while the demand for sushi has gone up, the supply of sushi has increase by about the same magnitude and therefore, the price has stayed relatively stable.
• C)while the demand for sushi has gone up, the supply of sushi has decreased by about the same magnitude and therefore, the price has stayed relatively stable.
• D)while the demand for sushi has gone up, the supply of sushi has not changed and therefore, the price has stayed relatively stable.

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Definitions:

Number of Channels

In a communication or distribution system, it refers to the pathways or mediums through which information, goods, or services are delivered.

Number of Phases

Refers to the stages or steps in a process or project.

Arrival Rate Distribution

A statistical measure used to describe the frequency and pattern of entities arriving at a system or service point over time.

Service Time Distribution

Service time distribution refers to the statistical representation of the variation in time it takes to service customers or complete a task within a system.