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Author Question: Market equilibrium is: a. defined as the condition in which there is neither a shortage or surplus. ... (Read 64 times)

Engineer

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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.


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Viet Thy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Engineer

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Gracias!

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