In a free market, if the price of a good is above the equilibrium price, then;
a. suppliers, dissatisfied with growing inventories, will raise the price.
b. demanders, wanting to ensure they acquire the good, will bid the price lower.
c. government needs to set a lower price.
d. suppliers, dissatisfied with growing inventories, will lower the price.

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.