What Is Said to Exist When Total Demand Equals Total

question 15

Multiple Choice

What is said to exist when total demand equals total supply in a transportation problem?

• A)an equalized problem
• B)an equilibrialized problem
• C)a harmonized problem
• D)a balanced problem

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Definitions:

Demand Changes

Variations in the desire or need for a product or service, influenced by factors like price, income levels, and consumer preferences.

Price

The value that must be exchanged to obtain a good or service.

Quantity

Quantity refers to the amount or number of a material or immaterial good or service.

Marginal Cost

The price of manufacturing one additional product or service unit.