Figure 3-4 -Refer to Figure 3-4.If the Price Is $10

question 8

Multiple Choice

Figure 3-4

-Refer to Figure 3-4.If the price is $10,

• A)there would be a surplus of 600 units.
• B)there would be a shortage of 600 units.
• C)there would be a surplus of 200 units.
• D)there would be a shortage of 200 units.

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Definitions:

Traditional Distributor

A business that purchases products from manufacturers and sells them to retailers or end consumers, typically without significant alteration.

Automated

Refers to processes or systems operated with minimal human intervention, often using technology or machinery.

Online Exchange

A virtual platform where goods, services, or information are traded between parties over the internet.

Small Businesses

Enterprises with a small number of employees and relatively low volume of sales, playing a significant role in most economies.