Assume in a competitive market that price is initially below the equilibrium level. we can predict that price will a. decrease, quantity demanded will decrease, and quantity supplied will increase. b. decrease and quantity demanded and quantity supplied will both decrease. c. increase, quantity demanded will increase, and quantity supplied will decrease. d. increase, quantity demanded will decrease, and quantity supplied will increase.

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision