-Refer to the Above Figure

question 185

Multiple Choice

-Refer to the above figure. If a price floor of $5 was set

• A) the quantity sold would be 80 units.
• B) there would be a surplus of 40 units.
• C) there would be a shortage of 40 units.
• D) there would be a shortage of 20 units.

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Definitions:

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which can lead to more informed decision-making and better interpersonal relations.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others effectively.

Own Emotions

Own emotions refer to an individual's ability to recognize, understand, and manage their personal emotional states and reactions.