Refer to the Above Data

question 159

Multiple Choice

Refer to the above data.If the price in this market was $4:

• A) the market would clear;quantity demanded would equal quantity supplied.
• B) buyers would want to purchase more wheat than is currently being supplied.
• C) farmers would not be able to sell all their wheat.
• D) there would be a shortage of wheat.

---

Definitions:

Operating Assets

Assets used in the normal operations of a business to generate income, such as equipment, inventory, and receivables.

Investment Center

A segment or area of a business responsible for its own revenues, expenses, and investment in assets.

Controllable Margin

The portion of profit or income that can be directly influenced by managing decisions, excluding fixed costs and other unchangeable expenses.

Operating Assets

Assets that are used in the day-to-day operations of a business to generate revenue, such as equipment, inventory, and property.