If the Equilibrium Price of Good X Is $15 and a Price

question 54

Multiple Choice

If the equilibrium price of good X is $15 and a price ceiling is imposed at $14, the result will be:

• A) an accumulation of inventories of unsold X.
• B) difficult to determine.
• C) a surplus.
• D) a shortage.

Identify the role of intermediaries in simplifying buyer-seller relationships.

Understand the strategic decisions involved in offshoring production facilities.

Comprehend the significance of quantity flexibility and other contractual clauses on supply chain efficiency.

Recognize the need to consider multiple dimensions in supplier comparison and selection.