Figure 10-12 -Refer to Figure 10-12. the Graph, as Drawn, Could Apply

question 414

Multiple Choice

Figure 10-12
-Refer to Figure 10-12. The graph, as drawn, could apply to the market for

• A)fire extinguishers.
• B)immunizations such as flu shots.
• C)education.
• D)All of the above are correct.

---

Definitions:

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Federal Food Distribution

Programs and services run by the government to distribute food to the needy, schools, and other institutions to ensure food security.

Agricultural Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, produced through farming activities.

Price Support Program

Governmental policies designed to maintain the price of a commodity at a certain level, to protect producers from market volatility.