-Refer to the Information Above to Answer This Question

question 20

Multiple Choice

-Refer to the information above to answer this question.What is the effect if price is currently $5?

• A)There is a surplus of 20.
• B)There is a shortage of 20.
• C)The quantity supplied is 80
• D)The quantity traded is 80.

---

Definitions:

Equipment

Tools, machinery, or apparatus designed for a specific operation or purpose.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.

Intangible Asset

Assets that do not have physical substance but hold value for a business, such as patents, trademarks, and goodwill.

Tangible Asset

Physical and material assets that possess value, such as machinery, buildings, and inventory.