Define what a market is and provide three examples of where a ...

[Hungry!]

Define what a market is and provide three examples of where a market can be found.

Question 2

If the ____ is/are fixed, a change in nominal income is equivalent to a change in real income.
 a. price level
 b. interest rates
 c. tastes and preferences
  d. future expectations

[kiamars2010]

Answer to Question 1

A market is the process of buyers and sellers exchanging goods and services. Examples are abundant: bookstores, corner grocery markets, stock markets such as the New York Stock Exchange, barbershops, roadside markets, online auction markets, etc.

Answer to Question 2

a

[Hungry!]

Thanks for the timely response, appreciate it

[phuda]

TYSM