The Table Given Below Reports the Quantity Demanded and Supplied

question 3

Multiple Choice

The table given below reports the quantity demanded and supplied of a commodity in a market at different price levels.Table 3.4

-Refer to Table 3.4. In the market represented by this table, at equilibrium:

• A)the market price is $5 per unit.
• B)there is a surplus of 900 units.
• C)there is a shortage of 900 units.
• D)900 units are traded at a price of $3 per unit.
• E)the market price is $1 per unit and the quantity traded is 500 units.

---

Definitions:

Group Structure

The organization of a set of entities under common ownership or control, typically presented through a hierarchy that outlines the relationship between parent companies and subsidiaries.

Separate Financial Statements

Financial statements prepared for an individual company, as opposed to consolidated financial statements which combine the financials of the parent company and its subsidiaries.

AASB 139 Financial Instruments

A standard specifying the recognition and measurement of financial assets and financial liabilities.

Fair Value

The anticipated return from offloading an asset or the cost associated with handing off a liability, in a systematic engagement with market participants on the specified date of measurement.