Another Term for Equilibrium Price Is

question 24

Multiple Choice

Another term for equilibrium price is

• A)dynamic price.
• B)market-clearing price.
• C)quantity-defining price.
• D)balance price.

---

Definitions:

Conceptual Framework

An underlying structure in accounting that outlines the objectives and fundamentals leading to consistent standards and financial reporting.

Qualitative Characteristic

A fundamental attribute that makes the information provided in financial statements useful to users.

Going Concern

An accounting principle that assumes a company will continue in operational existence for the foreseeable future, without the intention or necessity of liquidation.