Examlex
Which of the following elements is present in a fraud diamond but not in a fraud triangle?
Price System
An economic mechanism where prices determined by supply and demand allocate resources efficiently in a market economy.
Scarce Goods
Goods that are limited in supply in comparison to their demand, leading to economic decisions regarding their allocation.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.
Demand Curve
A diagram illustrating how the price of a product correlates with the amount of that product buyers are prepared and can afford to buy at different price levels.
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