At a Price of $4 in the Above Figure

question 409

Multiple Choice

At a price of $4 in the above figure

• A) the equilibrium quantity is 400 units.
• B) there is a surplus of 200 units.
• C) the quantity supplied is 400 units.
• D) there is a shortage of 200 units.

---

Definitions:

Transportation

The movement of goods, people, or animals from one location to another using various modes including air, rail, road, water, or pipeline.

Manufacturing Cycle Time

The total time required from the start of production to the completion of the final product.

Throughput

The rate at which a system or process produces goods, completes tasks, or achieves outcomes, often measured within a specific time frame.

Pull Time

is the timing or scheduling mechanism in production or supply chains that initiates the movement or production of goods in response to demand.