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Author Question: Equilibrium in a market exists when there is neither a surplus nor a shortage of the item. a. True ... (Read 68 times)

sammy

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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


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jordangronback

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


sammy

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Reply 2 on: Jun 30, 2018
Excellent

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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