Exhibit 3-6 The Closing Stock Price of MNM Corporation for the Last

question 156

Multiple Choice

Exhibit 3-6
The closing stock price of MNM Corporation for the last 7 trading days is shown below.
-Refer to Exhibit 3-6. The median is

• A)84
• B)85
• C)86
• D)87

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Definitions:

World Supply

The total amount of a particular good or service that is available to consumers globally.

World Price

The global market price of a commodity, determined by supply and demand factors across all participating countries.

Market Equilibrium

A situation in economics where the quantity of goods supplied is equal to the quantity of goods demanded at a specific price.

Trade Restrictions

measures taken by governments to control or limit the trade of goods and services across their borders, such as tariffs and quotas.