The Above Figure Shows the Market for T-Shirts

question 45

Multiple Choice

The above figure shows the market for t-shirts. If the price of t-shirts is $12, then

• A) there is a shortage and the price of t-shirts will fall.
• B) there is a surplus and the price of t-shirts will rise.
• C) there is a surplus and the price of t-shirts will fall.
• D) there is a shortage and the price of t-shirts will rise.
• E) the market is in equilibrium.

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Definitions:

Reduced Productivity

A decrease in the efficiency or output of work produced by an individual or team.

Mindfulness

The practice of being fully present and engaged in the moment, aware of one’s thoughts and feelings without distraction or judgment.

Nonjudgmental

An attribute of being open-minded and refraining from forming opinions or judgments prematurely.

Humor

The quality of being amusing or entertaining, often used to ease tensions or build connections between people.