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Author Question: Regarding demand and supply, which of the following statements is NOT correct? a. Demand and supply ... (Read 187 times)

jazziefee

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on: Jul 1, 2018
Regarding demand and supply, which of the following statements is NOT correct?
 a. Demand and supply simultaneously determine equilibrium market price
 b. Demand expresses intentions, but supply does not
 c. Demand is a potential concept distinguished from the transactional even of units sold
  d. Supply is more like scenario planning for operations than for actual production
 e. all of the above statements are correct

Question 2

If an auto dealer wants to hire a salaried salesman but is afraid of facing the adverse selection problem, the principle can
 a. Hire a salesman who has a reputation for working hard
  b. Monitor the salesman to prevent shirking
 c. All of the above
 d. None of the above


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hugthug12

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


jazziefee

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
Excellent

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