Which of the Following Is Correct

question 60

Multiple Choice

Which of the following is correct?

• A)There is no relationship between MP and MC.
• B)When AP is rising, MC is falling, and when AP is falling, MC is rising.
• C)When MP is rising, MC is rising, and when MP is falling, MC is falling.
• D)When MP is rising, MC is falling, and when MP is falling, MC is rising.

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Definitions:

Shortage

A situation where demand for a product or service exceeds the supply available at a specific price.

World Price

The international market price of a good, influenced by global supply and demand.

CD-Rom Drives

Hardware devices used to read data stored on CD-ROMs, commonly used for media and software distribution before the digital era.

World Price

The price at which goods are bought and sold in the global market, influenced by factors such as supply, demand, and trade policies.