At Equilibrium,if Quantity Supplied Is 16,quantity Demanded

question 219

Multiple Choice

At equilibrium,if quantity supplied is 16,quantity demanded

• A)is less than 16.
• B)is 16.
• C)is more than 16.
• D)cannot be found without more information.

---

Definitions:

Dominant Firms

Companies that have a major share of the market sales, influence, or both, enabling them to set prices within the industry.

Planned Economies

Economic systems where government agencies centrally plan and direct all major economic activities, assigning resources and determining outputs with the aim of achieving specific goals.

U.S. Firms

Companies or businesses that are registered, operate, or have their headquarters in the United States.

Bankrupt

A legal status of a person or entity that cannot repay debts to creditors and is thus subject to specific legal processes.