The Following Question Are Based on the Following Graph Showing

question 2

Multiple Choice

The following question are based on the following graph showing the market for corn:

-If farmers currently produce 800 bushels

• A) the actual price is $2.
• B) the market is in equilibrium.
• C) the actual price is below the equilibrium price and will tend to rise.
• D) only increases in demand would encourage the supply to rise above 800 units.
• E) the market exhibits a surplus.

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Definitions:

Sales Presentation

A pitch or demonstration given to potential buyers with the aim of promoting and selling a product or service.

Radio Commercials

Advertising messages broadcasted on radio stations to reach a wide audience with the intent of promoting products or services.

Idea Development

The process of refining and enhancing an idea or concept to increase its potential for success or applicability.

Dramatization

The theatrical presentation of products.