This Table Shows the Demand and Supply Schedule of a Good

question 136

Multiple Choice

This table shows the demand and supply schedule of a good. According to the table shown, the equilibrium in this market will occur at:

• A) a price of $1.50 and a quantity of 62.
• B) a price of $1.50 and a quantity of 31.
• C) a price of $0.00 and a quantity of 75.
• D) Cannot be determined without more information

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Definitions:

Return on Equity

A financial ratio measuring the profitability of a business in relation to the equity held by the shareholders.

Asset Turnover

A ratio determining the efficacy of a company's asset utilization in creating sales revenue.

Current Ratio

An indicator of a company's short-term financial health, determined by dividing its assets due within a year by its liabilities due in the same timeframe.

Net Working Capital

The discrepancy between a firm's immediate assets and its short-term obligations.