Refer to the Table Below to Answer the Following Question

question 3

Multiple Choice

Refer to the table below to answer the following question.
Table 15.1.3
-Refer to Table 15.1.3.The table shows a country's demand and supply schedules.At what world price would the country export?

• A)a price of $6 a unit
• B)any price below $8
• C)a price of $4 a unit
• D)any price above $8 a unit
• E)at only $8 a unit

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Definitions:

Overnighted

A term used to describe items that are shipped or delivered to reach their destination overnight.

Prompt Shipment

The action of sending goods quickly and without delay following the receipt of an order.

Negotiation

The transfer of an instrument in such form that the transferee becomes a holder.

Written Form

Refers to the requirement for certain agreements or documents to be in writing in order to be legally enforceable or valid.