The Figure Given Below Shows the Demand Curves [D₁ and D₂]

question 93

Multiple Choice

The figure given below shows the demand curves [D₁ and D₂] and the supply curve [S₁] of capital.Figure 17.1

-In Figure 17.1, if the price set in the market is P₃ when the demand curve is D₁, then:

• A)the market will be in equilibrium.
• B)there will be an excess demand for capital of the amount Q₄ - Q₁.
• C)there will be a shortage of capital in the market by the amount Q₄ - Q₂.
• D)there will be a surplus of capital in the market by the amount Q₃ - Q₁.
• E)there will be a surplus of capital in the market by the amount Q₃ - Q₂.

---

Definitions:

Significance Level

A threshold used in statistical testing to determine whether to reject the null hypothesis, typically represented by alpha (α).

Movie Editors

Professionals responsible for selecting, assembling, and piecing together raw footage to create a coherent and effectively told story or film.

Sign Test

A non-parametric statistical test used to determine if two dependent samples come from populations with the same median.

Keyboard Speed

A measure of how fast an individual can type, often defined in words per minute (WPM).