Figure 3.6 -Refer to Figure 3.6.The Figure Above Represents the Market for Represents

question 155

Multiple Choice

Figure 3.6

-Refer to Figure 3.6.The figure above represents the market for canvas tote bags.Assume that the price of tote bags is $15.At this price:

• A)the quantity demanded exceeds the quantity supplied of tote bags by 75. The price will eventually rise to $25 where quantity demanded will equal quantity supplied.
• B)the demand exceeds the supply of tote bags by 55. Some consumers will have an incentive to offer to buy tote bags at a higher price.
• C)there is a shortage equal to 55 tote bags; the price of tote bags will rise until demand is equal to supply.
• D)there is a shortage, equal to 55 tote bags, that will be eliminated when the price rises to $25.

---

Definitions:

Vaginal Intercourse

A sexual activity involving the insertion of the penis into the vagina, commonly practiced for reproduction or pleasure.

Mutual Resentment

Feelings of bitterness or disdain shared between individuals or groups, often resulting from unresolved conflicts or perceived injustices.

Bitter Divorce

A divorce filled with animosity, conflict, and often prolonged legal disputes, significantly affecting the emotional well-being of all involved.

Pre-Marital Pregnancy

Pregnancy that occurs before a legal or ceremonial marriage between the parents-to-be.