A Competitive Market Is in Equilibrium

question 332

Multiple Choice

A competitive market is in equilibrium.Then there is an increase in demand and an increase in supply.The equilibrium price ________,and the equilibrium quantity ________.

• A) rises; increases
• B) perhaps changes but we can't say if it rises, falls, or stays the same; does not change
• C) falls; increases
• D) perhaps changes but we can't say if it rises, falls, or stays the same; increases
• E) falls; perhaps changes but we can't say if it increases, decreases, or stays the same

Learn the disclosure requirements for lessees and lessors under AASB 16/IFRS 16.

Understand the fiduciary and suitability standards in investment advisory.

Comprehend the principles behind target-date retirement funds and their suitability for investors.

Calculate hypothetical constant-benefit payments from annuity contracts.

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Definitions:

Climate Of Learning

The overall environment and culture that either enhances or hinders the learning process within an organization.

Elements

Basic constituents or components of a whole.

Significance

The quality of being worthy of attention; importance, or the degree to which a result from data is not likely to occur by random chance.

Ethical Guidelines

Principles designed to assist professionals in conducting their business or activities in a morally correct manner.