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Author Question: Market equilibrium occurs when A) other things remain the same. B) the market is changing ... (Read 94 times)

mpobi80

  • Hero Member
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  • Posts: 519
on: Jun 30, 2018
Market equilibrium occurs when
 
  A) other things remain the same.
  B) the market is changing rapidly.
  C) the quantity demanded equals the quantity supplied.
  D) buyers get the lowest possible price.
  E) everyone who wants the good gets the quantity he or she wants.

Question 2

Along the aggregate supply curve, the quantity of real GDP supplied increases when the price level rises because
 
  A) the real wage rate rises.
  B) the demand for the goods and services increases.
  C) the real wage rate falls.
  D) the real wage rate and profits both fall.
  E) profits decrease.


Jossy

  • Sr. Member
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  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


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