When the supply curve and demand curve for a particular good are on a single graph, the point at which the two curves intersect identifies the:
A. total profit earned by producers.
B. total amount of labour that will be employed in that market.
C. amount of time it takes to bring together the buyers and sellers of the good.
D. equilibrium price of the good.
Ans: D. equilibrium price of the good.
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Costs that are constant regardless of changes in the level of project activities best defines
A) variable costs. B) intangible costs. C) indirect costs. D) fixed costs.
Flingers Inc. reveals the following information in their annual report for FY 2014
Earnings and Expenses Sales $10,000,000 Cost of goods sold $5,000,000 Pretax earnings $500,000 Selected Balance Sheet Items Merchandise inventory $80,000 Total assets $2,000,000 Calculate Flingers' profit margin, return on assets, and leverage effect What will be an ideal response?