The _________ Is a Logical Function That Returns One Value

question 22

Short Answer

The _________ is a logical function that returns one value if a statement is true and returns a different value if that statement is false.
A)IF function
B)DELTA function
C)CELL function
D)N function

• A)IF function
• B)DELTA function
• C)CELL function
• D)N function

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Definitions:

Market Equilibrium

Market Equilibrium is a state in which market supply equals market demand, meaning that goods supplied at a certain price are exactly matched by the goods demanded at that price.

Excess Demand

A market situation where the quantity demanded of a product exceeds the quantity supplied at a given price, leading to shortages.

Excess Supply

The situation where the quantity of a good or service that is available exceeds the quantity demanded by consumers at the current price.

Excess Demand

A market condition where the quantity demanded of a product exceeds the quantity supplied, often resulting in upward pressure on prices.