An economic strategy for adjusting demand can include adjusting capacity or managing demand.

Question

Quizplus · Accepted Answer

Adjusting capacity involves increasing or decreasing production levels in response to changes in demand, while managing demand involves implementing strategies such as pricing, marketing, or promotions to influence consumer behavior and stimulate demand. Both of these strategies can be used to adjust demand in an economic context.

An Economic Strategy for Adjusting Demand Can Include Adjusting Capacity