Figure 10-13

question 181

Multiple Choice

Figure 10-13. On the graph, Q represents the quantity of plastics and P represents the price of plastics.
-Refer to Figure 10-13. If 250 units of plastics are produced and consumed, then the

• A)social optimum has been reached.
• B)market equilibrium has been reached.
• C)negative externality associated with plastics has been eliminated.
• D)positive externality associated with plastics has been eliminated.

---

Definitions:

Cash Discounts

A reduction in the price of goods or services offered to buyers as an incentive for early payment or payment in cash.

Quantity Discounts

Price reductions based on the volume or amount of product purchased, incentivizing bulk buying.

Trade Discounts

A reduction in the listed price of a product or service offered by sellers to buyers engaged in trade or commerce.

Marketing Activities

Actions or tasks related to promoting and selling products or services, including advertising, product development, and market research.