The Figure Below Shows the Supply and Demand Curves for Oranges

question 130

Multiple Choice

The figure below shows the supply and demand curves for oranges in Smallville. At a price of $4 per pound there will be an excess ______ of ______ pounds of oranges per day.

• A)supply; 20
• B)demand; 30
• C)supply; 10
• D)demand; 20

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Definitions:

Guaranty Agreement

A legal document where one party agrees to be responsible for another's debt or obligations.

Alienated Followers

Individuals within a group or organization who feel estranged or disconnected from the group's goals or leadership.

Passive Behavior

A non-assertive response pattern where individuals avoid direct confrontation or asserting their own preferences and needs.

Independently

Acting or thinking in a manner that is free from outside control or influence.