Which of the Following Is True of a Floating Graphic

question 46

Multiple Choice

Which of the following is true of a floating graphic?

• A) A text wrapping style is applied to it.
• B) It can be moved like text.
• C) It does not have sizing handles.
• D) It can be moved anywhere on a page.

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Definitions:

Equilibrium Price

The cost at which the volume of goods available equals the volume sought by consumers.

Equilibrium Quantity

The amount of products or services available and sought after at the balance price.

Consumer Surplus

The divergence between the total price consumers are prepared to pay for a good or service and the actual price paid.

Producer Surplus

The difference between the amount producers are willing to supply a good for and the actual amount received by them when they make the sale.