1. When the quantity supplied is larger than the quantity demanded.: When the quantity supplied is larger than the quantity demanded. 2. The quantity that is supplied and demanded at the equilibrium price.: The quantity that is supplied and demanded at the equilibrium price. 3. The point at which the quantity supplied equals the quantity demanded.: The point at which the quantity supplied equals the quantity demanded. 4. The price that equates the quantity supplied with the quantity demanded.: The price that equates the quantity supplied with the quantity demanded. 5. When the quantity demanded is larger than the quantity supplied.: When the quantity demanded is larger than the quantity supplied. Column B a. Equilibrium Price b. Excess Supply c. Equilibrium d. Excess Demand e. Equilibrium Quantity

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.