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Author Question: When quantity supplied equals quantity demanded, there is: a. disequilibrium. b. excess quantity ... (Read 185 times)

jerry coleman

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on: Jun 30, 2018
When quantity supplied equals quantity demanded, there is:
 a. disequilibrium.
 b. excess quantity supplied.
 c. a market-clearing price (equilibrium price).
  d. excess quantity demanded.
 e. a shortage.

Question 2

If equilibrium is present in a market:
 a. there is either a shortage or a surplus.
 b. the quantity demanded equals quantity supplied.
 c. the quantity demanded exceeds quantity supplied.
  d. the quantity supplied exceeds quantity demanded.


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ankilker

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

c

Answer to Question 2

b


jerry coleman

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Reply #2 on: Jun 30, 2018
Thank you


ankilker

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Reply #3 on: Jun 30, 2018
No problemo


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