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Author Question: Market failure occurs when A) a good is too expensive for the market to provide. B) an ... (Read 42 times)

burchfield96

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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.


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gstein359

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


burchfield96

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

CAPTAINAMERICA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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