Author Question: Define what a market is and provide three examples of where a market can be ... (Read 52 times)

Hungry! · **on:** Jun 30, 2018

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 · **Reply #1 on:** Jun 30, 2018

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