When Demand Decreases

question 144

Multiple Choice

When demand decreases,

• A) price falls and quantity supplied decreases.
• B) supply decreases so that price remains the same.
• C) price rises and quantity supplied decreases.
• D) price rises with no change in supply.
• E) supply increases so that price remains the same.

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Definitions:

Workstation

A specific area equipped with the necessary tools and technology for an individual to perform their job tasks.

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Resource Supplies

Resource supplies denote the available stock of materials, tools, and other assets that can be drawn on by a person or organization to function effectively.

Internal Customers

Refers to the employees or departments within an organization that depend on the work of another within the same organization.