Figure 34-9 ​

question 175

Multiple Choice

Figure 34-9
​
-In Figure 34-9, at price OC

• A)quantity supplied of pasta exceeds quantity demanded so price will fall.
• B)quantity demanded for pasta exceeds quantity supplied so price will rise.
• C)exports of pasta equal XY.
• D)imports of pasta equal XY.

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Definitions:

Rounded

The process of adjusting a number to a nearby specified value, usually to a specified number of significant digits or decimal places.

11%

A percentage representing eleven parts out of a hundred.

Property Value

Typically refers to the monetary worth of a real estate property, established for the purpose of taxation or sales.

Compounded 12 Times Per Year

Refers to the process of applying interest to an original amount of money, with the interest being calculated and added twelve times in a year.