-Refer to Exhibit 3-1

question 117

Multiple Choice

-Refer to Exhibit 3-1.At a price of $6 there is a

• A) surplus of 100 units.
• B) surplus of 150 units.
• C) surplus of 200 units.
• D) shortage of 150 units.
• E) shortage of 200 units.

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Definitions:

Selling Goods

The act of transferring ownership of products from a seller to a buyer for a price, typically conducted in the marketplace.

Taking Possession

The act of acquiring ownership or control over an asset, property, or item.

Distribution Channel

A chain of businesses or intermediaries through which a good or service passes until it reaches the end customer.

Distribution Control

The process of overseeing and managing the movement of goods from the producer to the final consumer.