The Following Figure Shows the Demand and Supply Curves for a Product

question 29

Multiple Choice

The following figure shows the demand and supply curves for a product. Estimate the equilibrium quantity.

• A)0
• B)140
• C)250
• D)400

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Definitions:

Quality Chain

A sequence of activities or processes that aim to ensure and enhance the quality of products or services at every stage.

External Customers

Individuals or entities that purchase a company's products or services but are not part of the organization itself.

Internal Customers

Individuals or departments within an organization that receive services or products from other parts of the same organization.

Merchants

Individuals or businesses engaged in the trade of goods, especially those who buy and sell goods for profit.