Figure 3-4 -Refer to Figure 3-4.If the Current Market Price Is $10

question 14

Multiple Choice

Figure 3-4

-Refer to Figure 3-4.If the current market price is $10, the market will achieve equilibrium by

• A)a price increase, increasing the supply and decreasing the demand.
• B)a price decrease, decreasing the supply and increasing the demand.
• C)a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
• D)a price increase, increasing the quantity supplied and decreasing the quantity demanded.

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Definitions:

Wholesalers

Businesses that buy goods in large quantities directly from manufacturers to resell them in smaller quantities to retailers or other businesses.

Exposure

In marketing, it refers to the degree to which a target audience sees or interacts with a brand's message or campaign across various mediums.

Intensive Distribution

A strategy designed to get products into as many outlets as possible.

Distribution Intensity

The number of supply chain members to use at each level of the supply chain.