The Following Figure Shows the Demand (D) and Supply (S)

question 35

Multiple Choice

The following figure shows the demand (D) and supply (S) curves of human organs Figure 18.5

-In Figure 18.5,if the price for human organs falls to P₃:

• A)there will be a surplus of human organs by Q₅ - Q₂.
• B)there will be a shortage of human organs by Q_{4 -} Q₃.
• C)there will be a shortage of human organs by Q_{5 -} Q₃.
• D)there will be a surplus of human organs by Q_{4 -} Q₃.
• E)there will be a shortage of human organs by Q_{5 -} Q₁.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.

Prepaid Expense

Prepaid Expense represents payments made for expenses which benefits have not yet been received, recognized as assets until they are incurred.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial position.

Wages Expense

The total cost incurred by a company for paying its employees' salaries within a specific period.