If the market price is above the equilibrium price, what will happen to inventories and how will sellers react? What occurs when the market price is below the equilibrium? If the price in a market happens to be
Answer to: If the current price in the bond market is above the equilibrium price, explain how the bond market adjusts to equilibrium. By signing...
A. buyers and sellers can buy and sell all they wish at the current price. B. there is no tendency for the price to rise or fall. C. the quantity supplied equals the quantity demanded. D. All of the above are correct. 相关知识点: 试题...
A. below equilibrium price and quantity demanded is greater than quantity supplied. B. above equilibrium price and quantity demanded is greater than quantity supplied. C. above equilibrium price and quantity supplied is greater than quantity demanded. D. below equilibrium price and quantity supplied ...
C) sellers will only sell at prices above equilibrium price (or actual price). D) consumers are willing to make purchases only if the price is below the actual price. Answer: B Diff: 1 Section: 9.1 15) In an unregulated, competitive market producer surplus exists because some: A) ...
If a shortage exists in a market, then we know that the actual price isA.abovetheequilibriumprice,andquantitysuppliedisgreaterthanquantitydemanded.B.abovetheequilibriumprice,andquantitydemandedisgreaterthanquantitysupplied.C.belowtheequilibriumprice,andq
If an oligopoly is characterized by fierce competition, in long-run equilibrium the firms in the market will earn: A.zero economic profits.B.substantial economic losses.C.substantial economic profits. 点击查看答案&解析手机看题 单项选择题 An economist is developing a regression model of real GDP ...
If a market is in equilibrium ___. (a)buyers and sellers can buy and sell all they wish at the current price. (b)there is no tendency for the price to rise or fall. (c)the quantity supplied equals the quantity demanded. (d)All of the above are correct. 相关知识点: 试题来源: ...
If a price ceiling of 2 per gallon is imposed on gasoline, but the market equilibrium price is 1.50, the price ceiling is a binding constraint on the market.相关知识点: 试题来源: 解析 非约束性 价格上限是政府设定的最高价格。若该上限高于均衡价格(如题中2 > 1.50),市场仍会按$1.50成交,价格...
What happens to consumer surplus if the price is above equilibrium or above normal profits? Equilibrium Pricing: Businesses always try to maximize their profits, but consumers are always trying to get the most value for their...