-In the Graph Shown Above at a Price of $38

question 233

Multiple Choice

-In the graph shown above at a price of $38

• A)there is a surplus.
• B)there is a shortage.
• C)quantity demanded is greater than quantity supplied.
• D)there is a shortage and quantity demanded is greater than quantity supplied,but there is not a surplus.
• E)there is a surplus and quantity demanded is greater than quantity supplied,but there is not a shortage.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular, core business operations, excluding deductions of interest and taxes.

Average Operating Assets

The average value of a company's assets used in day-to-day operations over a specific period, used in calculating rates of return.

Sales

The total amount of goods or services sold by a company within a certain period of time.