Which of the following is NOT a characteristic of a market in equilibrium?
A. Excess supply is zero.
B. All consumers are able to purchase an amount equal to their quantity demanded.
C. Excess demand is zero.
D. The equilibrium price is stable, i. e., there is no pressure for it to change.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is NOT a characteristic of a market in equilibrium? A. Excess supply is zero. B. All consumers are able to purchase ...” 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
An acceptable use policy defines procedures employees should perform to protect the network's security. Answer a. True b. False.
Answers (1)
The cross-price elasticity of demand is A. the percentage change in quantity demanded divided by the percentage change in price. B. the percentage change in quantity supplied divided by the percentage change in price. C.
Answers (1)
Net sales $410,660 Cost of goods sold (purchased items) $102,500 Net income after taxes $ 45,415 Current assets $299,665 Current liabilities $276,230 Avg. inventory value $ 91,620 Find out the inventory turnover from the information provided above.
Answers (1)
You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 6 percent interest. Approximately how long must you wait for your investment to double in value?
Answers (1)
Categorize each of the following examples as a horizontal, vertical, or conglomerate merger. Horizontal Vertical Conglomerate A shoe manufacturer merges with a media and entertainment corporation. A car manufacturer merges with a tire producer.
Answers (1)
New Questions in Business
Kristen's employer owns its building and provides parking space for its employees. The value of the free parking is $150 per month.
Answers (1)
Why are controls needed in a case-control study?
Answers (1)
Assume you can save $8,500 at the end of Year 2, $9,300 at the end of Year 3, and $7,100 at the end of Year 6. If today is Year 0, what is the future value of your savings 10 years from now if the rate of return is 7.8 percent annually
No Answers
Happy Maids has an opening balance in its supplies account of $1,600 and purchases $1,800 of supplies during the year. A year-end physical count shows $1,200 in supplies inventory. Which is the appropriate journal entry at year end?
Answers (1)
Civil cases can be tried by a jury or what other method? Petition Settlement Motion of Summary Judgments Bench trial
Answers (2)