Table 17.2 -Refer to Table 17.2, Which Shows the Demand For, Supply

question 139

Multiple Choice

Table 17.2

-Refer to Table 17.2, which shows the demand for, supply of, and price of tulips in the Netherlands. If the world price of tulips is $4 and there are no trade restrictions, the Netherlands will _____

• A) produce 10,000, consume 4,000, and import 6,000 tulips.
• B) produce 10,000, consume 4,000, and export 6,000 tulips.
• C) produce 4,000, consume 10,000, and import 6,000 tulips.
• D) produce 9,000, consume 6,000, and export 6,000 tulips.
• E) import all of the tulips that it consumes.

---

Definitions:

Persuasive Message

Communication designed to convince or influence the audience to adopt a certain perspective or take a specific action.

AIDA

An acronym standing for Attention, Interest, Desire, Action; a marketing model describing the stages a customer goes through in the process of purchasing a product.

Deductive Approach

A method of reasoning from the general to the specific, where conclusions follow logically from premises or known facts.

Stock Market

A public market for the trading of company stock and derivatives at an agreed price.