If Quantity Supplied Is Less Than Quantity Demanded, Then

question 104

Multiple Choice

If quantity supplied is less than quantity demanded, then

• A)there is a shortage in the market.
• B)prices will fall.
• C)equilibrium has been achieved.
• D)consumer incomes will increase.
• E)there is a surplus in the market.

Recognize the importance of flexibility in applying writing rules to improve document quality.

Appreciate the necessity of revision and proofreading in the writing process to ensure accuracy and coherence.

Understand the difference between editing and revising, focusing on content changes vs. surface changes.

Grasp the role of audience analysis and feedback incorporation in document preparation.

---

Definitions:

Transfer Price

The price charged for goods and services transferred between departments or divisions of the same company or between related entities.

Buying Division

A department within a company responsible for purchasing goods, materials, and services required for the business operations.

Negotiated Transfer Price

A transfer price agreed upon by the selling and buying divisions within the same company.

External Market Price

The price at which goods or services are bought and sold outside of a company, determined by the supply and demand in the wider market.