A Decrease in the Demand for Eggs Due to Changes

question 135

Multiple Choice

A decrease in the demand for eggs due to changes in consumer tastes,accompanied by a decrease in the supply of eggs as a result of an outbreak of Avian flu,will result in

• A)a decrease in the equilibrium quantity of eggs and no change in the equilibrium price.
• B)a decrease in the equilibrium price of eggs and no change in the equilibrium quantity.
• C)a decrease in the equilibrium price of eggs; the equilibrium quantity may increase or decrease.
• D)a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease.

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Definitions:

Management Techniques

Strategies or methods used by leaders and managers to direct and control organizations or teams.

Technical Skills

Abilities or knowledge in a specific field or task, particularly those related to technological or scientific subjects.

Operational Proficiencies

The ability of an organization to carry out core business processes efficiently and effectively.

Enabling

The act of providing the means or opportunity for someone to achieve something or the act of making a device, system, or feature operational.