Table 7-5
for Each of Three Potential Buyers of Oranges

question 438

Multiple Choice

Table 7-5
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Alex, Barb, and Carlos are the only three buyers of oranges, and only three oranges can be supplied per day. $$\begin{array} { | l | c | c | c | } \hline & \text { First Orangp } & \text { Second Orange } & \text { Third Orange } \\\hline \text { Alliton } & \$ 2.00 & \$ 1.50 & \$ 0.75 \\\hline \text { Bob } & \$ 1.50 & \$ 1.00 & \$ 0.80 \\\hline \text { Chariste } & \$ 0.75 & \$ 0.25 & \$ 0 \\\hline\end{array}$$
-Refer to Table 7-5. If the market price of an orange is $0.70, then the market quantity of oranges demanded per day is

• A) 5.
• B) 6.
• C) 7.
• D) 9.

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Definitions:

Assertive

Characterized by confidence and self-assurance in stating one's views or aims, without being aggressive.

Forcing Style

A conflict management approach where one party aggressively pursues their own interests at the expense of others.

Cross-Functional Team

A group of people with different expertise and from different departments within an organization, working together towards a common goal.

Interpersonal Skills

Abilities that facilitate effective communication and interaction with others.