The Following Figures Show the Demand (D) and Supply (S)

question 47

True/False

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-If the quantity demanded for labor is more than the quantity supplied, there will be unemployment.

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Definitions:

Payor

A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.