Brenda Is Assertive; Thus She Will Likely

question 43

Multiple Choice

Brenda is assertive; thus she will likely:

• A)demonstrate creative thinking.
• B)show passive and aggressive behavior.
• C)use humor.
• D)state consequences.

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Definitions:

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded at a certain price point.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product, service, or commodity, usually intended to ensure fair conditions for producers.

Shortage/Surplus

A market condition where the quantity demanded exceeds the quantity supplied (shortage) or where the quantity supplied exceeds the quantity demanded (surplus).

Price Floor

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, often above the equilibrium price.