[Answered] Equilibrium in a market exists when there is neither a surplus nor a shortage of the item. a. True ...

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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 86 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

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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

Excellent

hollysheppard095

Member
Posts: 339

Reply 3 on: Yesterday

TYSM

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