"To Demonstrate or Explain the Steps Necessary to Buying a Reliable

question 1

Multiple Choice

"To demonstrate or explain the steps necessary to buying a reliable previously owned vehicle" would be best suited to what type of speech?

• A) narrative
• B) process or demonstration
• C) expository
• D) comparison/contrast
• E) reinforce an audience attitudes

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Definitions:

Equilibrium Quantity

The quantity of goods or services traded in a market at the equilibrium price, where the quantity supplied equals the quantity demanded.

External Cost

A cost borne by someone who does not participate in the transaction or decision that led to the cost, often associated with negative externalities.

Total Surplus

The sum of consumer and producer surplus in a market, indicating the overall economic benefit to society from market transactions.

Socially Efficient

An economic condition where the allocation of resources maximizes social welfare, often where marginal cost meets marginal benefit.