Use the Following to Answer Questions

question 306

Multiple Choice

Use the following to answer questions
Figure: Determining Surplus 3
-(Figure: Determining Surplus 3) In the graph,how much is consumer surplus?

• A) $6
• B) $14
• C) $20
• D) $60

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Definitions:

Responsive Supply Chains

Supply chains that are designed to react swiftly and effectively to changes in market conditions, customer demands, and supply disruptions.

Express Transportation

A service that ensures the fast and efficient movement of goods or people from one location to another.

Marketing Channel

The pathways or routes through which goods and services flow from the producer to the consumer, including intermediaries such as distributors and retailers.

Efficient Supply Chains

Supply chain systems designed to minimize cost, waste, and time in the production and distribution process, enhancing overall efficiency.