Which statement is TRUE? a. The concept of equilibrium requires that all individuals have an equal amount of income. b. If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off. c. A market is in equilibrium when the number of buyers is equal to the number of sellers. d. If a market is in equilibrium, the price in that market will not fluctuate by more than 5%.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which statement is TRUE? a. The concept of equilibrium requires that all individuals have an equal amount of income. b. If a market is in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What are the most important differences between perfectly competitive markets and Unlike in perfectly competitive markets, in monopolistically competitive markets, A. firms face horizontal demand curves, and there are no barriers to entry B.
Answers (1)
The U. S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U. S. by a foreign car manufacturer to be sold in the U. S. What type of tax is the U. S. government imposing?
Answers (1)
Two construction companies, Dakota and Carolina, are in the construction business. Each owns a tract of land being held for development, but each company believes that the other's land is better suited to enhance the success of each planned
Answers (1)
Hispanic consumers account for what percent of total canned food sales
Answers (2)
Majenta Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard direct labor rate per hour $12.00 Actual direct labor rate per hour $10.
Answers (1)
New Questions in Business
In the united states today, what gives money its value?
Answers (2)
An employer has the right to monitor workers electronic communications if
Answers (1)
What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax
Answers (2)
The Rye Corporation has provided the following information: Total sales were $1,240,000. Beginning net accounts receivable was $49,000. Ending net accounts receivable was $63,000. Sales returns and allowances totaled $108,000.
Answers (1)
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)