Use the Following to Answer Question(s): Demand and Supply

question 36

Multiple Choice

Use the following to answer question(s) : Demand and Supply

-(Exhibit: Demand and Supply) Given the demand curve, what is the price some buyers are willing and able to pay for 3 units?

• A) $2
• B) $4
• C) $6
• D) $8

---

Definitions:

Urban Renewal

A program of land redevelopment in areas of moderate to high density urban land use, focusing on the rehabilitation or replacement of buildings and infrastructure.

Car And Oil Companies

Businesses that manufacture motor vehicles and those involved in the production, refinement, and distribution of oil, respectively.

Businesses

Organizations or entities that engage in commercial, industrial, or professional activities with the aim of generating profits.

Disadvantages

The unfavorable conditions or factors that reduce the chances of success or effectiveness.