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:

Decentration

A cognitive ability to consider multiple aspects of a situation rather than focusing on just one.

Conservation

The principle that physical properties of objects, such as volume and mass, remain constant despite changes in their form or appearance.

Seriation

The cognitive ability to organize objects or items in a logical order, such as by size, number, or volume, essential in early childhood development.

Transitivity

In mathematics and logic, transitivity is a property of binary relations that if an element A is related to B, and B is related to C, then A is also related to C.