Which of the following best illustrates "discrepancies of quantity"?
A) Michelin makes tires, but most consumers also want a large selection of car-care services.
B) Some stores sell large quantities of Michelin tires, but only small quantities of tires made by other companies.
C) There are over 310 million consumers in the U.S. but only a small portion buy tires in any given year.
D) Four firms make over 90 percent of all the tires sold in the United States.
E) Michelin made millions of tires last year-but most customers bought only one set.

Question

Quizplus · Accepted Answer

"Discrepancies of quantity" refer to a situation where the quantity demanded or supplied of a product is not in sync with the quantity produced or offered for sale. In this case, Michelin made millions of tires, but most customers only bought one set, indicating a discrepancy of quantity between the production capacity and the consumer demand.

Which of the Following Best Illustrates "Discrepancies of Quantity