Table 33 -Refer to Table 3

question 129

Multiple Choice

Table 3.3
$\begin{array}{|l|c|}\hline \text { Demand } & \text { Supply } \\\hline P=80-Q D & P=50+1 / 2 Q S \\\hline Q D=80-P & Q S=2 P-100\\\hline\end{array}$
-Refer to Table 3.3.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.What are the equilibrium price and quantity (in thousands) for Chef Ernie's sushi?

• A)$80 and 80 thousand
• B)$60 and 20 thousand
• C)$50 and 100 thousand
• D)$40 and 50 thousand

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Definitions:

Conservative Traditions

Practices and beliefs that emphasize preserving existing social norms and values against substantial changes.

Personal Space

The physical area surrounding an individual that is considered personal territory, which others are typically not expected to intrude upon without consent.

Divisiveness

The tendency or characteristic of causing disagreement, discord, or splitting groups into opposing factions.

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept and expect power to be distributed unequally.