Exhibit 4-1 Supply and Demand Data ​
-Exhibit 4-1 Shows That at a Price of $3

question 72

Multiple Choice

Exhibit 4-1 Supply and demand data $$\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { r } \text { Quantity } \\\text { supplied }\end{array} \\\hline \$ 1.00 & 500 & 50 \\1.50 & 450 & 150 \\2.00 & 400 & 250 \\2.50 & 300 & 300 \\3.00 & 150 & 350 \\\hline\end{array}$$ ​
-Exhibit 4-1 shows that at a price of $3.00,

• A) the market is in equilibrium.
• B) there will be excess quantity demanded.
• C) there will be excess quantity supplied.
• D) there is a price ceiling in effect.

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Definitions:

Team Management

Team Management involves coordinating and guiding a group of individuals towards achieving specific objectives, fostering collaboration and maximizing team performance.

Productivity Goals

Targets set to measure the efficiency and effectiveness of actions or processes in producing goods or services.

Behavioral Approach

An approach to understanding leadership and management that focuses on the observable actions and behaviors of leaders, rather than internal states or traits.

Leader Behaviors

Actions and activities carried out by leaders in the course of guiding, directing, and influencing the work of team members.