Select the Answer That Correctly Rewrites Each Phrase into a Possessive

question 12

Multiple Choice

Select the answer that correctly rewrites each phrase into a possessive. the attitude of the bank teller

• A) the bank teller's attitude
• B) the bank tellers' attitude

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Definitions:

Competitive Markets

Markets where numerous producers and consumers interact, leading to efficient distribution of goods and services and price determination through supply and demand.

Supply and Demand

A fundamental economic model that describes how prices and quantity of goods and services are determined in a market.

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, causing the market to be in a state of balance.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a stable market condition without excess supply or demand.