Which of the following statements best describes excess supply, or surplus?
a. The area between the supply and demand curves above the equilibrium point is called excess supply, or surplus.
b. The area between the supply and demand curves below the equilibrium point is called excess supply, or surplus.
c. The area between the supply and demand curves to the right of the equilibrium point is called excess supply, or surplus.
d. The area between the supply and demand curves to the left of the equilibrium point is called excess supply, or surplus.
a. The area between the supply and demand curves above the equilibrium point is called excess supply, or surplus.
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A dividend is
a. a payment to the corporation's bondholders b. the same as the profit of the corporation c. a payment of a portion of the corporation's profits to the shareholders d. guaranteed if one has common stock e. the payment to each partner in a partnership form of business
Which of the following is true of R2?
A. R2 is also called the standard error of regression. B. A low R2 indicates that the Ordinary Least Squares line fits the data well. C. R2 usually decreases with an increase in the number of independent variables in a regression. D. R2 shows what percentage of the total variation in the dependent variable, Y, is explained by the explanatory variables.