Question 4(Multiple Choice Worth 5 points)
(01.05 LC)
Which of the following is the state in which supply and demand are balanced and the supply curve and the demand curve intersect?
Equilibrium point
Law of demand
Law of supply
Law of supply and demand
Question 5(Multiple Choice Worth 5 points)
(01.05 LC)
How do entrepreneurs contribute to economic growth?
By creating employment deficiencies
By decreasing competition
By promoting environmental challenges
By responding to unmet needs