The Diagram Below Represents the Market for Butter

question 36

Multiple Choice

The diagram below represents the market for butter.
FIGURE 4-1

-Refer to Figure 4-1. If a price ceiling of $2 is imposed, how many units of butter will be sold?

• A) 3000
• B) 4000
• C) 5000
• D) 8000

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Definitions:

Human Relations

The study and management of how people interact in the workplace, aiming to improve job satisfaction, efficiency, and productivity.

Human Relations Skills

The ability to interact effectively and harmoniously with other people.

Engineering Technician

A professional who applies theoretical engineering principles and technical skills to support engineers in various projects and experiments.

Theory Y

A management approach based on the belief that employees are intrinsically motivated to work and can be trusted to seek out responsibility.