This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When quantity supplied equals quantity demanded, there is: a. disequilibrium. b. excess quantity ... (Read 95 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Lymphatic vessels pick up excess tissue fluid, purify it in the lymph nodes, and then return it to t Lymphatic vessels pick up excess tissue fluid, purify it in the lymph nodes, and then return it to t
Deficiency/Vice, Mean/Virtue, Excess/Vice Deficiency/Vice, Mean/Virtue, Excess/Vice
Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection). Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection).
The oceans have absorbed 90% of excess energy The oceans have absorbed 90% of excess energy
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ... A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ...
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library