-In Figure1.1 If Price Is 7, Then

question 20

Multiple Choice

-In Figure1.1 if price is 7, then

• A)the market is in equilibrium.
• B)there is excess quantity supplied.
• C)there is excess quantity demanded.
• D)the market clears.

---

Definitions:

Investments

Funds committed into various financial instruments or assets with the expectation of generating income or profit.

Compounded Monthly

Interest that is calculated on the principal and the accumulated interest every month.

Withdrawals

The act of removing funds from an account or investment.

Monthly Withdrawals

Monthly withdrawals refer to the act of removing a specific amount of money from an account or investment at regular monthly intervals.