What is the price at which the quantity of goods demanded and the quantity of goods supplied are equal?
A) The going rate
B) The margin rate
C) The market price
D) The optimum price
E) The cost price
Answer: C
Explanation: C) The market price, also known as equilibrium price, is set by the demand and supply for a given good. It is defined as the price at which the quantity of goods demanded and the quantity of goods supplied are equal.
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Answer the following statements true (T) or false (F)
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Which of the following would have priority in distributing limited partnership assets?
A) Return of a general partner's capital contribution B) Repayment of a loan by a limited partner to the partnership C) Return of a limited partner's capital contribution D) Payment of profits of the limited partner
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Answer the following statement true (T) or false (F)
A consumer who notifies the issuer of an EFT card within two (2 ) days after learning of a loss or theft of the card is limited to a maximum liability of: A)$500.? B) $50
C) There is no liability limitation in this situation. D) There is no liability in this situation.