The equilibrium or market price exists when the supply of a product exceeds the amount that consumers are willing to purchase. Group of answer choices True False

False

Explanation:

The equilibrium or market price exists when the supply of a product is equal to the amount that consumers are willing to purchase.

There's excess supply or surplus when the supply of a product exceeds the amount that consumers are willing to purchase. Price is usually above equilibrium price.

There's excess demand or scarcity when the supply of a product is less the amount that consumers are willing to purchase. Price is below equilibrium price.

I hope my answer helps you

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the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20