Recall the Application About the Price and Supply of Blueberries

question 9

Multiple Choice

Recall the Application about the price and supply of blueberries to answer the following question(s) .
-According to the Application, the supply of blueberries in the short run is ________, so an increase in demand causes the price to ________.

• A) flexible; rise
• B) flexible; fall
• C) inflexible; rise
• D) inflexible; fall

---

Definitions:

Tangibles

refers to physical or material assets that can be seen, touched, and measured, distinguished from intangible assets like patents or copyrights.

Negotiation Situations

Scenarios or contexts in which negotiation is necessary or beneficial for resolving differences or reaching agreements.

Characteristics

Traits or features that distinguish a person, object, or phenomenon from others.

Competitive Situation

A scenario where entities vie for dominance or advantage in a particular market or arena, often characterized by rivalry.