Exhibit 4-11 Data on Supply and Demand

question 63

Multiple Choice

Exhibit 4-11 Data on supply and demand

• A) Buyers would want to purchase more wheat than is supplied.
• B) Buyers would not purchase all of the wheat grown.
• C) Shortage of wheat would increase the price of wheat.
• D) Farmers would grow less wheat.

Bushels demanded per month	Price per bushel	Bushels supplied per month
45	$5	77
50	4	73
56	3	68
61	2	61
67	1	57

Which of the following would occur if the government imposed a price floor (support price) of $4 per bushel in the wheat market shown in Exhibit 4-11?

Understand the distinction between abstract and concrete terms.

Recognize and apply the proper use of specialized language, including jargon and buzzwords, within specific professional contexts.

Identify the impact of clichés and buzzwords on business communication.

Recognize and follow grammatical rules in crafting messages.

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Definitions:

Employer's Policy

Rules and guidelines established by an employer to govern workplace behaviors and processes.

Personal Email

An email address provided by a webmail provider that is used for personal rather than business or official communication.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by feelings of disdain for other groups.

Impression Management

The systematic attempt to influence how others perceive us.