When Quantity Supplied Equals Quantity Demanded, There Is: ​

question 372

Multiple Choice

When quantity supplied equals quantity demanded, there is: ​

• A) ​disequilibrium.
• B) ​excess quantity supplied.
• C) ​ a market-clearing price (equilibrium price).
• D) ​excess quantity demanded.
• E) ​ a shortage.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Fair Value

The fund received from an asset sale or the cost for a liability shift in a smoothly facilitated transaction among participants of the market on the price determination date.

Capital Cost Allowance

A taxable expense in Canada that allows a business to deduct the cost of a capital asset over time.

Half-Year Rule

A tax rule in some jurisdictions that allows only half the usual depreciation expense deduction in the year that a capital asset is acquired.