When the Market Price Is Above Equilibrium Then ____ and When

question 268

Multiple Choice

When the market price is above equilibrium then ____ and when the market price is below equilibrium, then ____.

• A)quantity demanded is greater than quantity supplied; quantity supplied is greater than quantity demanded.
• B)quantity supplied is greater than quantity demanded; quantity supplied is greater than quantity demanded.
• C)quantity supplied is greater than quantity demanded; quantity demanded is greater than quantity supplied
• D)the market is in equilibrium; the market is in equilibrium.

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Definitions:

Distribution

The payment of dividends, capital gains, or other earnings from an investment to its shareholders or partners.

Keogh Deduction

A tax deduction available to self-employed individuals or unincorporated businesses for retirement plan contributions.

Self-employed

An individual who works for themselves and does not have an employer withholding taxes from their paycheck.

Deductible Keogh Contribution

Contributions to a retirement plan for self-employed individuals or unincorporated businesses, allowing for tax deductions.