When There Is a Surplus of Snowboards, the

question 293

Multiple Choice

When there is a surplus of snowboards, the

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

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Definitions:

Accounts Payable

Liabilities of a firm representing money owed to creditors for goods and services purchased on credit.

Fund Shares Outstanding

The total number of shares issued and currently held by investors, including restricted shares owned by the company’s officers and insiders but excluding any repurchased shares.

Capital Gain Distributions

Payments made to shareholders that result from the selling of securities within the fund’s portfolio, which are subject to capital gains taxes.

Income Distributions

Payments made from a fund or account to investors, typically from earned interest or dividends from investments.