Use the Table Below to Choose the Correct Answer

question 507

Multiple Choice

Use the table below to choose the correct answer. The table is a schedule of the supply and demand for ground hamburger meat (both given in thousands of pounds per month) .

The equilibrium market price of ground hamburger meat would be

• A) $1 per pound.
• B) $2 per pound.
• C) $2.50 per pound.
• D) $3 per pound.

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Definitions:

Trial Close

A technique used in sales to ask a prospective customer a question that assumes the sale is going to be made, in order to gauge their readiness to purchase.

Close-Ended Question

A type of question designed to receive a specific, usually "yes" or "no," answer, limiting the extent of response.

FAB Sequence

Features, Advantages, and Benefits sequence used in sales and marketing to communicate the value of a product or service to customers.