<span>In california there are 4 forms of financial responsibility.</span>
Answer: where is the question
Explanation:
Answer:
c. Perceived shortage causes buyers to inflate orders.
Explanation:
The bullwhip effect phenomenon is when the demand forecasts of buyers of a product results in supply inefficiencies.
Demand and supply are related in that an increase in supply results in lower prices of goods and demand rises, and vice versa.
In the bullwhip phenomenon available inventory of a product varies on the basis of demand.
For example an increase in perceived demand for a product will result in an increase in inventory from the supplier and price goes down.
On the other hand when there is a perceived shortage of a product buyers will tend to inflate orders and price will eventually rise
The law of demand states that if all other factors remain as is, when
the price of a good or service increases, the demand decreases, when
the price decreases, the quantity demanded increases. R<span>elationship between price and quantity demanded, is
therefore, inverse.</span>