According to the Figure Below,at the Price of $5

question 100

Multiple Choice

According to the figure below,at the price of $5:

• A) the equilibrium quantity is 500.
• B) the quantity demanded is 500.
• C) the demand is 500.
• D) there is a surplus.
• E) there is a shortage.

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Definitions:

Body Language

Non-verbal communication through physical behaviors, including gestures, facial expressions, and body positions, which can express emotions, intentions, or social information.

Actual Authority

The explicit power granted to an agent by a principal, either through oral or written agreement, allowing the agent to act on the principal's behalf.

Express Authority

Authorization granted to an agent in clear, direct, and definite terms by the principal.

Implied Authority

Authority not expressly granted but assumed to be given due to the nature of a job or position.