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Author Question: At the market-clearing price for a commodity, (Read 136 times)

rissygurl1124

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on: Oct 12, 2022

Question 1

A surplus exists in the market when
◦ the supply curve has shifted to the left.
◦ the equilibrium price is too low.
◦ the quantity demanded exceeds the quantity supplied.
◦ supply and demand are equal.
◦ the quantity demanded is less than the quantity supplied.

Question 2

At the market-clearing price for a commodity,
◦ prices will remain unchanged, even if there is excess demand.
◦ shifts in the supply or demand curves will not cause price changes.
◦ the quantity supplied of the commodity equals quantity demanded.
◦ there may be excess demand for a product but not excess supply.
◦ there will never again be any pressure for prices to change, independent of what happens to demand or supply.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by rissygurl1124 on Oct 12, 2022

LynellDool

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    • i thought about discounts
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Only 25% of students answer this correctly

When you can make use of a promotion on an already discounted object, all of the greater. why not find out more

rissygurl1124

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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