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Author Question: The use of a price system eliminates: a. scarcity. b. equilibrium. c. shortages and surpluses. d. ... (Read 62 times)

gbarreiro

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on: Jun 30, 2018
The use of a price system eliminates:
 a. scarcity.
 b. equilibrium.
 c. shortages and surpluses.
 d. changes in supply and demand.

Question 2

Which of the following best explains the determination of the equilibrium price of a product?
 a. Production costs.
 b. The supply of a good.
 c. The interaction of supply and demand.
  d. The decisions of government.


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dpost18

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

c

Answer to Question 2

c


gbarreiro

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

frankwu0507

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

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