The Particular Price That Results in Quantity Supplied Being Equal

question 10

Multiple Choice

The particular price that results in quantity supplied being equal to quantity demanded is the best price because it

• A)maximizes costs of the seller.
• B)maximizes tax revenue for the government.
• C)maximizes the combined welfare of buyers and sellers.
• D)minimizes the expenditure of buyers.

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Definitions:

Available-For-Sale Investments

A classification for financial assets representing securities that are not classified as held-to-maturity or trading securities, marked to market with changes in value reflected in other comprehensive income.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including the roles, responsibilities, and authority of employees within the organization.

Consolidated Financial Statements

Financial statements that show the financial results and position of a parent entity and its subsidiaries as if the group were a single entity.

Parent Entity

A business entity that possesses a majority stake in one or more subsidiary companies.