The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.
-Refer to the figure above.When the supply curve of flash drives is S₂ and the demand curve of flash drives is D,what is the surplus in the market when the price is $7?
Definitions:
Beta
A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole, with a value greater than 1 indicating higher risk and a value less than 1 indicating lower risk.
Treynor Measure
A metric for assessing the returns of an investment portfolio, adjusting for the risk taken as measured by beta.
Beta
A measure of a stock's volatility in comparison to the overall market's volatility, indicating the risk associated with investing in the stock.
Serial Correlation
The relationship between a data series and a lagged version of itself over consecutive time intervals.
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