Knowing that in the real world, the demand for goods and services could change unexpectedly, firms would attempt to deal with it by:
A)producing different levels of goods and services according to the changes in demand.
B)switching to the production of another product in the short-run.
C)maintaining an inventory.
D)closing down the production in the short-run with the hope that the situation would change in the future.

Question

Quizplus · Accepted Answer

The Answer of Knowing that in the real world, the demand for goods and services could change unexpectedly, firms would attempt to deal with it by:
A)producing different levels of goods and services according to the changes in demand.
B)switching to the production of another product in the short-run.
C)maintaining an inventory.
D)closing down the production in the short-run with the hope that the situation would change in the future.

Knowing That in the Real World, the Demand for Goods