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

Author Question: When quantity supplied equals quantity demanded, there is: a. disequilibrium. b. excess quantity ... (Read 96 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
When quantity supplied equals quantity demanded, there is:
 a. disequilibrium.
 b. excess quantity supplied.
 c. a market-clearing price (equilibrium price).
  d. excess quantity demanded.
 e. a shortage.

Question 2

If equilibrium is present in a market:
 a. there is either a shortage or a surplus.
 b. the quantity demanded equals quantity supplied.
 c. the quantity demanded exceeds quantity supplied.
  d. the quantity supplied exceeds quantity demanded.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
Radiation Quantity and Quality Radiation Quantity and Quality
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Excess nutrients cause algal blooms Excess nutrients cause algal blooms
When 1.50 mol of CH4(g) reacts with excess Cl2(g) at constant pressure according to the ... When 1.50 mol of CH4(g) reacts with excess Cl2(g) at constant pressure according to the ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library