Use the Following Information to Answer the Following Questions

question 17

Multiple Choice

Use the following information to answer the following questions.
Market for used cars:
Demand: Q_d = 154,000 - 86P
Supply: Q_s = -100 + 14P
-What would be the quantity demanded if a price ceiling is set at $1,000?

• A) 500
• B) 54,100
• C) 68,000
• D) 13,900
• E) 21,474

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Definitions:

Strategic Fit

The degree to which an organization’s strategies align with its external environment and internal resources and capabilities, to achieve competitive advantage.

Implied Demand Uncertainty

The uncertainty faced by a company due to unpredictability in the demand for its products or services, affecting inventory and supply chain decisions.

Supply Chain Responsiveness

The ability of a supply chain to react quickly and effectively to changing market demands and conditions.

Intrafunctional Scope

The range of activities or responsibilities within a single function or department of an organization.