Total Demand for a Transportation Model Is 15 While Total

question 58

Multiple Choice

Total demand for a transportation model is 15 while total supply is 20.Which of the following should be included?

• A)a dummy source of 20 units
• B)a dummy destination of 5 units
• C)a dummy source of 5 units
• D)a dummy destination of 20 units
• E)a dummy destination of 35 units

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Definitions:

Substitutes

Goods, such as tacos and pizza, that relate in such a way that an increase in the price of one shifts the demand for the other rightward.

Honey

A sweet, viscous food substance made by bees from the nectar of flowers.

Expectation

The anticipation or belief regarding the future performance of the economy, markets, or individual financial assets.

CDs

Certificates of Deposit, a financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.