Refer to the Given Table Suppose the Columns in This Table Reflect Demand and Supply

question 107

Multiple Choice

Refer to the given table. $$\begin{array} { | r | r | r | } \hline \text { Price Per Unit } & \text { Columu A Units Per Year } & \text { Colum B Units Per Year } \\\hline \$ 40 & 110 & 40 \\\hline \$ 45 & 95 & 50 \\\hline \$ 50 & 80 & 60 \\\hline \$ 55 & 65 & 70 \\\hline \$ 60 & 50 & \mathbf { 8 0 } \\\hline\end{array}$$  
Suppose the columns in this table reflect demand and supply. If the current market price is $50, then you would expect:

• A)the market price to fall.
• B)the market price to rise.
• C)demand to decrease and supply to decrease.
• D)supply to decrease.

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Definitions:

Stocks Or Bonds

Financial instruments that represent ownership in companies (stocks) or debt obligations (bonds) issued by corporations or governments.

Operates Business

The act of managing and running a company or commercial enterprise.

Collectivism

A cultural value that emphasizes the importance of groups and collective action over individual interests and achievements.

Centralized Control

A management structure where decision-making authority is concentrated at the top levels of an organization.