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On January 1, Bobby and Alice own equally all of the stock of an electing S corporation called Prairie Dirt Delight. The dirt company has a $60,000 loss for a non-leap year. On the 200th day of the year (not a leap year) , Bobby sells his one-half of the stock to his son, Saul. How much of the $60,000 loss, if any, is allocated to Bobby?
Equilibrium
The state in a market where supply equals demand, and there is no external pressure for the market price or quantity to change.
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price in a given period.
Quantity Supplied
The total amount of a good or service that producers are willing to sell at a given price over a specific period.
Demand Increase
A situation where there is a higher quantity of a good or service desired at each price level, often depicted as a rightward shift of the demand curve.
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