Use the Following to Answer Questions

question 8

Multiple Choice

Use the following to answer questions :
Figure 3-5
-According to the standard supply and demand apparatus, line A in Figure 3-5 should represent:

• A)a supply schedule.
• B)a demand schedule.
• C)points where supply and demand are equal.
• D)a demand schedule when income is rising.
• E)none of the above.

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Definitions:

Appreciated

The increased value of an asset or currency over time, often due to market or economic factors.

Return on Investment

A ratio that measures the gain or loss generated on an investment relative to the amount of money invested.

Pegged Exchange Rate

A fixed exchange rate system in which a currency's value is fixed against the value of another currency or a basket of other currencies.

Chinese Yuan

The official currency of the People's Republic of China, used as a medium of exchange in mainland China.