Figure 4-2

question 22

Multiple Choice

Figure 4-2
-Refer to Figure 4-2.Suppose Phil and Miss Kay are the only consumers in the market.If the price is $12,then the market quantity demanded is

• A)0 units.
• B)2 units.
• C)4 units.
• D)6 units.

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Definitions:

Fee-delivered Services

Services for which a specific charge is applied, typically provided professionally or commercially.

Nonprofit Organization

An entity that operates for the promotion of a social cause, cultural, educational, religious or other public interest objectives rather than for profit.

Marketing

The business process of creating relationships with and satisfying customers through a combination of product, price, place, and promotion strategies.

Donors

Individuals or organizations that voluntarily give resources, such as money or goods, to support a cause or charity.