The equilibrium point is the point at which quantity of a good or service equals the quantity demanded
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: The point at which quantity of a good or service equals the quantity demanded is known as the equilibrium point.
You might also like to view...
Mark wants to use a tool which is easy to visualize and effective for showing relationships. Which of the following tools is best suited for this?
A) benchmarking B) balanced scorecard C) written reports D) statistical reports
A callable bond will typically have a ________ yield than an otherwise identical bond without a call feature because ________
A) lower, the firm loses flexibility with a callable bond B) higher, the firm loses flexibility with a callable bond C) lower, the option to call a bond is valuable D) higher, the option to call a bond is valuable