Use the following to answer question: 
-(Table: Competitive Market for Good Z) Use Table: Competitive Market for Good Z.A surplus of the good will occur at a price of
Definitions:
Acronym
A word formed from the initial letters of a name or by combining initial letters or parts of a series of words.
FOB
Free On Board; a term in international commercial law specifying at what point the risk of loss shifts from the seller to the buyer.
Trade-In Allowance
The amount credited to the buyer by the seller when the buyer gives a previously owned product as part of the payment for a new product.
Price Reduction
A decrease in the price of a product or service, often to attract more customers or respond to market conditions.
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