Another Term Sometimes Used Instead of Net Worth Is

question 21

Multiple Choice

Another term sometimes used instead of net worth is

• A)assets.
• B)net debts.
• C)long-term liabilities
• D)equity.
• E)liquid assets.

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Definitions:

Alfred Marshall

A British economist known for his work on microeconomics and for developing the concepts of supply and demand elasticity.

Demand Analysis

The study of consumers' willingness to purchase a particular product or service at various prices and times.

Increase in Demand

A situation where more of a good or service is sought by consumers at each price level, leading to a rightward shift in the demand curve.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to supply to the market.