If Quantity Supplied Is Less Than Quantity Demanded, Then

question 104

Multiple Choice

If quantity supplied is less than quantity demanded, then

• A)there is a shortage in the market.
• B)prices will fall.
• C)equilibrium has been achieved.
• D)consumer incomes will increase.
• E)there is a surplus in the market.

Understand the relationship between risk and the rate of return on investments.

Identify the components of total return on investments.

Understand the probability concepts related to investment loss and gain.

Define and calculate the risk premium on investments.

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Definitions:

Impressment

The practice used by navies to force civilians or sailors into military service, notably by the British Royal Navy during the 18th and early 19th centuries, often leading to tensions with other countries.

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A group of 19th-century pirates led by Jean Lafitte, who operated out of the Barataria Bay south of New Orleans, and later aided the United States in the War of 1812.

French Revolution

A pivotal period of radical social and political upheaval in France from 1789 to 1799, leading to the decline of monarchies and churches and the rise of democracy and nationalism.