Exhibit 3-12 Supply and Demand Data

question 264

Multiple Choice

Exhibit 3-12 Supply and demand data
In Exhibit 3-12 the equilibrium price and quantity in the market are:

• A)$1.00, 200.
• B)$1.50, 400.
• C)$2.00, 100.
• D)$1.50, 200.

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Definitions:

Fraud

A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Execution

The process of carrying out a court order or judgment, including the legal procedures involved in enforcing rights or the carrying out of the terms of a legal document.

Negligent Misrepresentation

The act of unintentionally providing false information that others rely upon, leading to financial loss or damage.

Elements Of Fraud

Elements of Fraud include the intentional misrepresentation or concealment of an important fact upon which the victim is meant to rely, and does rely, resulting in harm to the victim.