-Refer to the Above Information to Answer This Question

question 108

Multiple Choice

-Refer to the above information to answer this question.What is true if price is $45?

• A)Price will soon fall.
• B)There is a surplus of 40.
• C)The quantity supplied is 200.
• D)The quantity demanded is 80.
• E)There is a shortage of 40.

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Definitions:

Public Consideration

The act of taking into account the welfare, opinions, or needs of the general public or community in decision making.

Coercive Power

Coercive power refers to the ability of a person or group to force others to comply with demands or obey orders, often through the threat of punishment or negative consequences.

Dominant Group

A social group that possesses the greatest power, wealth, prestige, or privilege in a given society and uses these advantages to influence or control other groups.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.