The "market clearing price" is most closely associated with

The correct answer that would best fit the given statement above would be MARKET EQUILIBRIUM. The "Market clearing price" is most closely associated with Market equilibrium or equilibrium price. Market-clearing happens when the demand curve and supply curve intersect. Hope this answer helps.

Total dividend paid in 2019 =$47,600

Explanation:

The cumulative preference shares entire the investors to fixed amount of dividend. Where dividends are not paid during an accounting period, the unpaid dividend are carried forward and paid in arrears when profits become available.

Dividend = Dividend rate× nominal value of stock

Dividend in 2018 (unpaid) = 14%× 1,700 × 100 =23,800

Dividend in 2019       = 14%× 1,700 × 100 =23,800

Total dividend paid in 2019 = Unpaid dividend of 2018 + Dividend payable in 2019

= 23,800 + 23,800=  $47,600

Total dividend paid in 2019 =$47,600