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A Transportation Problem with 3 Sources and 4 Destinations Will

question 25

True/False

A transportation problem with 3 sources and 4 destinations will have 7 variables in the objective function.


Definitions:

Excess Demand

A situation where the demand for a product or service exceeds its supply in a market.

Price

The amount of money that must be paid to acquire a given product or service.

Quantity Demanded

The amount of a product that buyers are willing and able to purchase at a given price.

Excess Supply

The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.

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