Evaluate the Expression

question 29

Multiple Choice

Evaluate the expression.

---

Definitions:

Supply Shifts

Movements of the supply curve to the left or right, indicating a change in the quantity supplied at a given price, caused by factors other than the price of the good itself.

Equilibrium Point

The market condition where demand for a product equals its supply, resulting in a stable price and quantity.

Soft Pretzels

A type of baked pastry made from dough that is commonly twisted into a knot shape and has a soft, chewy texture.

Price Floor

A minimum price below which exchange is not permitted.