IIIULID LL Siivile ULUIIULID 1. If the market for a certain product experiences an increase in supply and a decrease in demand, which of the following results is expected to occur? a. Both equilibrium price and the equilibrium quantity could rise or fall. b. Equilibrium price would rise, and the equilibrium quantity could rise or fall. c. Equilibrium price would fall, and the equilibrium quantity could rise or fall. d. Equilibrium price would fall, and the equilibrium quantity would fall. 1. If the market for a certain product experiences an increase in supply demand, which of the following results is expected to occur? a. Both equilibrium price and the equilibrium quantity could rise or fall. b. Equilibrium price would rise, and the equilibrium quantity could rise or fall. c. Equilibrium price would fall, and the equilibrium quantity could rise or fall. miirinm nrice would fall, and the equilibrium quantity would fall. A managerial function that consists of the measurement reporting and subsequent correction of performance in order to achieve the organization's objectives is referred to as