You Can Edit the Data or a Label in a Cell

question 52

True/False

You can edit the data or a label in a cell by double-clicking the cell and then positioning the insertion point within the cell.

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Definitions:

Good

An item or product that satisfies a want or need and can be transferred to others.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing their gain from the transaction.

Market Equilibrium

A market state where the quantity demanded equals the quantity supplied, leading to no pressure on the price to either rise or fall.

Good

A material item or service that satisfies a want or need and is available for sale or trade.