This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Equilibrium in a market exists when there is neither a surplus nor a shortage of the item. a. True ... (Read 50 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 30, 2018
Equilibrium in a market exists when there is neither a surplus nor a shortage of the item.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The price system eliminates scarcity.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


sammy

  • Member
  • Posts: 818
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

There are more bacteria in your mouth than there are people in the world.

True Friendship True Friendship
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
True Dover Sole True Dover Sole
Control you knife with one hand and hold the item being cut with the other (3 of 3) Control you knife with one hand and hold the item being cut with the other (3 of 3)
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Digestion Animation

For a complete list of videos, visit our video library