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Figure 6-4 -Refer to Figure 6-4.Which of the Following Statements Is Not

question 133

Multiple Choice

Figure 6-4 Figure 6-4 -Refer to Figure 6-4.Which of the following statements is not correct? A) When the price is $10,quantity supplied equals quantity demanded. B) When the price is $6,there is a surplus of 8 units. C) When the price is $12,there is a surplus of 4 units. D) When the price is $16,quantity supplied exceeds quantity demanded by 12 units.
-Refer to Figure 6-4.Which of the following statements is not correct?

Definitions:

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Honour

A quality that combines respect, being esteemed, and a sense of ethical conduct.

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a future date.

Liable

Legally responsible or obligated.

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