A(n) _______ Is a Word, Phrase, or Graphic That You

question 57

Multiple Choice

A(n) _______ is a word, phrase, or graphic that you can click to jump to another part of the same document, to a separate Word document, to a file created in another program, or to a webpage.

• A) hyperlink
• B) URL
• C) bookmark
• D) target

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Definitions:

Surplus

Occurs when the quantity of a good or service supplied exceeds the quantity demanded at a specific price, often leading to lower prices.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government to prevent prices from becoming too high.

Price Floor

A government or regulatory-imposed minimum price set above the equilibrium market price, aimed at ensuring that the market price of a good or service cannot fall below a certain level.

Shortage

A market condition where the demand for a product exceeds the supply at a given price, often leading to higher prices.