15. The following figures were obtained from a company's accounts. aVFrm $105,000 $180,000 $46,000 Turnover Fixed capital Total Expenses Capital Expenditure $22,000 What is the total profit of the firm? $29,000 $37,000 $59,000 $75,000 А. hour day В. С. D. 16. Which of the following statements does NOT apply to equilibrium price? It is a situation of excess demand. It will shift if either demand or supply alters. Quantity demanded and supplied are equated. There is no tendency for price to change. А. В. С. D.

15. The following figures were obtained from a company's accounts. aVFrm $105,000 $180,000 $46,000 Turnover Fixed capital Total Expenses Capital Expenditure $22,000 What is the total profit of the firm? $29,000 $37,000 $59,000 $75,000 А. hour day В. С. D. 16. Which of the following statements does NOT apply to equilibrium price? It is a situation of excess demand. It will shift if either demand or supply alters. Quantity demanded and supplied are equated. There is no tendency for price to change. А. В. С. D.

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter4: Markets In Action

Section4.2: Can The Laws Of Supply And Demand Be Repealed?

Problem 2YTE

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