A) $12 000 B) $39 000

question 10

Multiple Choice

• A) $12 000
• B) $39 000
• C) $63 000
• D) Cannot be calculated from the information provided

Understand the impact of consumer preference changes on market equilibrium.

Understand the effects of changes in supply and demand on equilibrium price and quantity.

Analyze the impact of external factors on supply and demand curves.

Predict the market outcomes of shifts in supply and/or demand.

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Definitions:

Physical Health

The state of bodily well-being free from disease, injury, or illness, vitally important for overall quality of life.

Cardiac Problems

Medical conditions related to the heart that can range from minor issues to life-threatening disorders, affecting the organ's ability to function properly.

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking novel and intense experiences and sensations.

Racial Differences

Variations among groups of people that are often categorized based on physical characteristics attributed to their genetic ancestry.