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Author Question: If the current price of a good is the same as that found at the intersection of the market demand ... (Read 95 times)

ssal

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on: Jun 30, 2018
If the current price of a good is the same as that found at the intersection of the market demand and supply curves, then:
 a. excess demand exists.
 b. excess supply exists.
 c. price will rise.
 d. price will fall.
 e. the market is in equilibrium.

Question 2

The most important characteristic of the equilibrium price is that it:
 a. guarantees that producers earn profit.
  b. clears the market.
 c. increases the quantity demanded.
  d. decreases the quantity demanded.


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firehawk60

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

e

Answer to Question 2

b


ssal

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  • Posts: 572
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Gracias!

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