-When Price Is $10
A)there Is a Surplus

question 35

Multiple Choice

$\begin{array}{ccc}\text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \\30 & \$ 10 & 64 \\40 & \$ 8 & 55 \\50 & \$ 6 & 50 \\60 & \$ 4 & 40 \\70 & \$ 2 & 20\end{array}$
-When price is $10

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

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Definitions:

Materials Cost

The expense incurred for the raw materials that are used in the production of goods or services.

Yards Per Unit

A measurement used to indicate the amount of yardage (length in yards) of material required or utilized per unit of production.

Direct Labor Variances

The differences between the budgeted or standard costs of direct labor and the actual costs incurred, which can indicate efficiencies or inefficiencies in labor usage.

Help Desk Assistant

A role or automated system designed to provide users or employees with information and support related to a company's products or services.