Suppose the Government Sets a Particular Price in the Market

question 15

Multiple Choice

Suppose the government sets a particular price in the market for gold,which results in an excess supply.In this situation,

• A)the market is in equilibrium.
• B)the market is in disequilibrium.
• C)there are unsuccessful buyers.
• D)the gold market has not reached the point of saturation.
• E)no gold will be exchanged.

Differentiate between pointer arithmetic and array indexing.

Understand the initialization and modification rules for pointers.

Learn how to use pointers with functions, including passing arrays to functions.

Understand pointer-to-pointer operations and their applications.

---

Definitions:

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, holding all other inputs constant.

Resource

A source or supply from which a benefit is produced and that has some utility, which can include natural resources, human resources, and capital.

Units

A measurement or quantity of something, used in various contexts such as economics, to quantify production, sales, or other items.

Purely Competitive

A market structure characterized by an infinite number of small buyers and sellers where the product is a commodity, allowing no single participant to significantly influence price.