The Table Below Displays Hypothetical Demand and Supply Schedules for the Market

question 157

Multiple Choice

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. TABLE 3-4 Refer to Table 3-4.Which of the following statements describes a likely event in the market for overnight parcel delivery? From Year 1 to Year 2,

• A)there was a rise in the price of jet fuel.
• B)there was a decrease in consumers' income.
• C)there was an improvement in technology for tracking overnight parcels.
• D)the price of regular parcel delivery decreased.
• E)the number of suppliers of overnight parcel delivery service increased.

---

Definitions:

Trading of Stocks

The act of buying, selling, or exchanging shares of companies listed on a stock exchange with the aim of generating a profit.

Investments

Assets purchased with the goal of generating income or appreciating in value over time.

Amazon Business

A business marketplace on Amazon providing business-to-business transactions and features like bulk pricing and business accounts.

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then resell them in smaller quantities to retailers or other businesses.