The equilibrium price is the point at which:

Select one:

a. demand becomes greater than supply

b. the supply curve crosses the demand curve

c. number of buyers = number of sellers

d. none of these are correct

e. supply becomes greater than demand

A product bought for resale would be classified as what ________________?

Select one:

a. business product

b. specialty product

c. retail product

d. consumer product

e. Unsought product

As a recent college graduate, you have two job offers to consider. The first one comes with a salary of $50,000, health benefits, an RRSP, and two weeks of paid vacation. The second offer comes with a salary of $45,000, health benefits, an RRSP, paid vacation, profit sharing, and a generous bonus plan. You decide to accept the second offer because the addition of which of the following made the job more appealing?

Select one:

a. the commission

b. the incentives

c. the benefits

d. the wages