The First Item in a JavaScript Array Is Which of the Following

question 95

Multiple Choice

The first item in a JavaScript array is which of the following element numbers?

• A)0
• B)-1
• C)1
• D)2

Calculate equilibrium price in a market given supply and demand equations.

Identify examples and non-examples of markets.

Describe how changes in supply and demand impact market outcomes.

Explain the principle of the law of demand.

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Definitions:

Competitive Equilibrium

A market state where supply equals demand, with no external influences, and prices are such that the quantity supplied is equal to the quantity demanded.

Utility Function

A mathematical representation in economics of how a consumer's preferences correspond to the consumption of goods and services.

Endowed

Possessing a particular resource, asset, or attribute, either naturally or through a transfer, such as being given a sum of money or property.

Bromides

Compounds containing a bromine ion or a derivative thereof; in colloquial usage, a bromide is a commonplace or boring statement intended to placate or pacify.