Trevor owns a local farm stand. Although he sells fruit and vegetables, like the grocery store chains in the area, he has some power over the price he charges because he can offer consumers features they want. For instance, his fruit and vegetables are organic and locally grown. This is an example of Multiple Choice pure competition competition monopolistic competition monopoly oligopoly Generally, when a retailer announces a discount sale on all its products, what happens? Multiple Choice The store will not supply more products than it normally does. The manufacturer will halt production Consumers will demand fewer products than usual Consumers will not demand more than usual. Consumers will demand more products The quantity of goods and services that consumers are willing to buy at different prices at a specific time is referred to as Multiple Choice O supply the balance of payments gross domestic product the market quantity demand The market for corn in Mexico has a large number of sellers and buyers, and there is no difference in the products sold by each seller. As a result, prices are determined by the Multiple Choice government agricultural industry businesses that sell the corn. consumers that buy the corn forces of supply and demand