-According to the Above Table, at a Price of $8

question 355

Multiple Choice

-According to the above table, at a price of $8 per unit, other things constant

• A) consumers will continue to bid prices upward.
• B) there will be no tendency for the market to approach an equilibrium.
• C) a surplus of 100 units will exist.
• D) a shortage of 80 units will exist.

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Definitions:

Entrepreneurial Passion

The intense emotion or enthusiasm that entrepreneurs have for their business venture and its activities.

Growth Mindset

A belief that abilities and intelligence can be developed through dedication and hard work, embracing challenges, and seeing failure as an opportunity for growth.

Fixed Mindset

A belief that one's abilities, intelligence, and talents are fixed traits and cannot significantly grow.

Entrepreneurial Mindset

The ability to quickly sense, take action, and get organized under uncertain conditions.