What will happen to the equilibrium price and quantity of Romaine Lettuce if a new fertilizer increases yields and makes the lettuce cheaper to produce? Group of answer choices Quantity will rise, so price will fall, causing demand to rise. The increase in demand will cause price to rise back up. Price will fall so firms will decrease production, causing equilibrium quantity to fall too. Supply will shift right, so equilibrium price will fall and equilibrium quantity will rise. Price will fall, so demand will rise causing equilibrium price and quantity to rise.

What will happen to the equilibrium price and quantity of Romaine Lettuce if a new fertilizer increases yields and makes the lettuce cheaper to produce? Group of answer choices Quantity will rise, so price will fall, causing demand to rise. The increase in demand will cause price to rise back up. Price will fall so firms will decrease production, causing equilibrium quantity to fall too. Supply will shift right, so equilibrium price will fall and equilibrium quantity will rise. Price will fall, so demand will rise causing equilibrium price and quantity to rise.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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