Exhibit 8-1 -Refer to Exhibit 8-2.Based on the Given Change,what Word (Rises

question 53

Multiple Choice

Exhibit 8-1
-Refer to Exhibit 8-2.Based on the given change,what word (rises or falls) should go in blank (11) and blank (12) ,respectively,to summarize the resulting impact on short run equilibrium?

• A)rises;rises
• B)falls;falls
• C)rises;falls
• D)falls;rises

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Definitions:

Supply Chain Surplus

The total value created by the supply chain, computed as the difference between the value of the final product to the consumer and the costs of the supply chain activities.

Implied Demand Uncertainty

The anticipated variation in customer demand, influencing inventory levels, production planning, and capacity decisions.

Forecast Error

The difference between actual demand and forecasted demand, indicative of the accuracy of demand forecasting efforts.

Marketing and Sales Strategy

The comprehensive plan comprising tactics and methods used by a business to promote, sell, and distribute its products or services.