Refer to Table 3-1 ?
A) There Will Be a Surplus

question 42

Multiple Choice

Refer to Table 3-1. Given this data, if the price of CD players is €200, ?
$\begin{array}{l}\text { Table 3-1 }\\\begin{array}{|l|l|l|}\hline & \text { QUANTITY } & \text { QUANTITY } \\\hline & \text { DEMANDED } & \text { SUPPLIED } \\\hline\underline { \text { PRICE }} & \underline {\text { (units per week) }} & \underline {\text { (units per week) }} \\\hline € 100 & 1000 & 100 \\\hline € 150 & 900 & 300 \\\hline € 200 & 800 & 500 \\\hline € 250 & 600 & 600 \\\hline € 300 & 300 & 650 \\\hline\end{array}\end{array}$
?

• A) there will be a surplus.
• B) there will be a shortage.
• C) the market is in equilibrium.
• D) the supply will increase.

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Definitions:

Accounts Payable Period

The average number of days it takes for a business to pay its invoices from suppliers, reflecting its payment policy efficiency.

Cash Cycle

The time it takes for a company to convert its investments in inventory back into cash.

Cash Cycle

The period between the outlay of cash for raw materials and receiving payment from customers for goods or services, reflecting the efficiency of a company's cash management.

Paying Suppliers

The process of settling financial transactions with suppliers by transferring payment for goods or services received.