This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Market equilibrium is: a. defined as the condition in which there is neither a shortage or surplus. ... (Read 54 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
Market equilibrium is:
 a. defined as the condition in which there is neither a shortage or surplus.
 b. defined as the condition under which the separately formulated plans of buyers and sellers exactly mesh when tested in the market.
  c. represented graphically by the intersection of the supply and demand curves.
 d. all of the above.

Question 2

In a market, competitive forces guarantee that any price other than the equilibrium price is:
 a. market-clearing.
  b. stable.
 c. temporary.
 d. unaffordable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Wow, this really help

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
The coefficient of the restitution of an object is defined as the ratio of its outgoing to ... The coefficient of the restitution of an object is defined as the ratio of its outgoing to ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library