Intermediaries Perform Three Basic Functions

question 92

Multiple Choice

Intermediaries perform three basic functions.According to Figure 15-2 above,"C" represents a(n) __________.

• A)transactional function
• B)facilitating function
• C)middleman function
• D)logistical function
• E)operational function

Estimate the planning time required for a writing project.

Recognize common errors to look for during the proofreading phase.

Identify tools that aid in the efficiency of writing technical documents.

Understand the limitations of current composition tools.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Elastic the Supply Curve

Describes a situation where the supply of a good or service changes significantly in response to changes in price.

Normal Good

A good for which demand increases as the income of consumers increase, holding other factors constant.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, inverse to typical goods.