When There Is a Surplus of Snowboards,the

question 91

Multiple Choice

When there is a surplus of snowboards,the

• A)supply of snowboards is greater than the demand for snowboards.
• B)quantity of snowboards demanded is greater than the quantity of snowboards supplied.
• C)price rises to restore the equilibrium.
• D)demand for snowboards is greater than the supply of snowboards.
• E)quantity of snowboards supplied is greater than the quantity of snowboards demanded.

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Definitions:

Financial Processes

The methods and procedures used by a company to manage its financial activities, such as budgeting, accounting, and investment management.

Capital

Refers to the financial resources available for use in the production of goods or the provision of services.

Sole Proprietorship

An enterprise that a single person owns and runs, where there's no legal separation between the proprietor and the enterprise itself.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.