In Most Markets,the Equilibrium Price Is Achieved

question 98

Multiple Choice

In most markets,the equilibrium price is achieved

• A)Through detailed databases.
• B)Using an equilibrium price formula.
• C)Through government mandate.
• D)Through trial and error.

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Definitions:

Voucher

A written authorization form containing data about a transaction along with proper authorizations for payment, account distributions, and so forth.

Purchase Requisition

A form used within a business by the requesting department asking the purchasing department of the business to buy specific goods.

Cash Payment

Cash Payment involves the transfer of cash from one party to another as a form of settlement of a transaction or an obligation.

Voucher

A document that acts as evidence of a financial transaction, authorizing payment or receipt of money.