Author Question: Market failure occurs when A) a good is too expensive for the market to provide. B) an ... (Read 65 times)

burchfield96 · **on:** Jun 29, 2018

Market failure occurs when

A) a good is too expensive for the market to provide.
B) an unrestrained market economy leads to too few or too many resources going to a specific economic activity.
C) one good is superior to another and drives it out of the market.
D) the stock market experiences a very large loss.

Question 2

Demand is defined as

A) a schedule of how much of an item people will purchase at any particular price of that item during a specified time period, other things being constant.
B) a specific quantity of an item that people want at a particular price of that item during a specified time period, other things being constant.
C) a schedule of how much of a good or service people will purchase at any particular price of a different item during the specified time period, other things being constant.
D) a specific quantity of a good or service that people will purchase at one particular price of another item during a specified time period, other things being constant.