A wall street journal headline reads: "cigar shortage draws new brands into market." the shortage resulted from a renewed interest in smoking cigars. what best describes facts behind the headline? supply has shifted to the right. price has fallen somewhat, but not enough to equilibrate supply and demand. demand has shifted to the right. price has risen somewhat, increasing quantity supplied, but not enough to equal quantity demanded. demand has shifted to the right and price has risen to equilibrate supply and demand. supply has shifted to the left. price has risen somewhat, but not enough to equilibrate supply and demand.

Options unclear. Here's the full options to the question;

a) Supply has shifted to the right. Price has fallen somewhat, but not enough to equilibrate supply and demand.

b) Demand has shifted to the right. Price has risen somewhat, increasing quantity supply,

c) Supply has shifted to the left. Price has risen somewhat, but not enough to equilibrate supply and demand.

d) Demand has shifted to the right and price has risen to equilibrate supply and demand.

d)

Explanation:

Remember, it was mentioned that the shortage resulted from a renewed interest in smoking cigars. This interest signify the demand for cigars, which thus led to new brands into market because price has risen to equilibrate supply and demand.

In conclusion, the increase in the demand, triggered the price increase for cigars and became a market of potentials to companies.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.