Refer to the Information Provided in Figure 4

question 39

Multiple Choice

Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Figure 4.3
-Refer to Figure 4.3. At an effective price ceiling for pencils,

• A) quantity demanded is greater than quantity supplied.
• B) quantity demanded is less than quantity supplied.
• C) quantity demanded is equal to quantity supplied.
• D) price is above equilibrium.

---

Definitions:

PayPerPost

A controversial online business model where bloggers or influencers are paid to write posts about a product or service, raising questions about bias and credibility.

Word-Of-Mouth Advertising

A marketing method through which information about products or services is passed from one person to another through oral communication.

Viral Marketing

A marketing strategy that focuses on spreading information and opinions about a product or service from person to person, especially by leveraging networks and social media.

Expert Ratings

Assessments or evaluations made by individuals with specialized knowledge or expertise in a particular area.