-Refer to the Above Information to Answer This Question

question 108

Multiple Choice

-Refer to the above information to answer this question.What is true if price is $45?

• A)Price will soon fall.
• B)There is a surplus of 40.
• C)The quantity supplied is 200.
• D)The quantity demanded is 80.
• E)There is a shortage of 40.

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Definitions:

Beneficiaries

Beneficiaries are individuals or entities designated to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.

Chain-Style Business Operation

A type of franchise in which the franchise operates under the franchisor’s business name and is required to follow the franchisor’s standards and methods of business operation.

Franchise

A business model that allows individuals to own and operate a branch of a larger company using its name, trademarks, and products.

Standards and Methods

Established procedures and guidelines designed to achieve consistency, reliability, and quality in executing tasks or manufacturing products.