Table 4-5 -Refer to Table 4-5.If the Price Were $4,a

question 289

Multiple Choice

Table 4-5

-Refer to Table 4-5.If the price were $4,a

• A) surplus of 15 units would exist and price would tend to fall.
• B) shortage of 25 units would exist and price would tend to rise.
• C) surplus of 25 units would exist and price would tend to fall.
• D) shortage of 40 units would exist and price would tend to rise.

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Definitions:

Negotiable

Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.

Form Of Phrase

The particular way in which a phrase is constructed or expressed.

Pay To The Order Of

A phrase written on checks to designate who has the authority to receive the amount specified on the check.

Use Of Checks

The practice of using checks as a method of payment; involves writing, issuing, or receiving checks as a way to transfer money.