If the Supply and Demand Curves Intersect at a Price

question 144

Multiple Choice

If the supply and demand curves intersect at a price of $47,then any price above that would result in:

• A)a shortage.
• B)a surplus.
• C)equilibrium.
• D)an increase in demand.

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Definitions:

Manager

An individual responsible for directing and overseeing the work of a group of people, making decisions, and ensuring that goals are met.

Procedural Justice

The perceived fairness of the processes and methods used to make decisions and resolve disputes.

Decision-Making Process

A systematic approach involving the identification of a decision to be made, gathering information, assessing alternative resolutions, and choosing among them.

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