If the Market for Twinkies Is in Equilibrium,then

question 137

Multiple Choice

If the market for Twinkies is in equilibrium,then

• A)Twinkies must be a normal good.
• B)producers would like to sell more at the current price.
• C)consumers would like to buy more at the current price.
• D)there is a surplus.
• E)the equilibrium quantity equals the quantity demanded.

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Definitions:

Quick Ratio

A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable).

Account Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not expected to be consumed or converted into cash within a year.

Long-term Liabilities

Obligations of a company that are due beyond the current fiscal year or operating cycle.