A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because:
A. price will never change.
B. quantity will never change.
C. demand will never change.
D. at any price other than equilibrium, forces in the market move price towards the equilibrium.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because: A. price ...” 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
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process.
Answers (1)
A covered call position is A. the simultaneous purchase of the call and the underlying asset. B. the purchase of a share of stock with a simultaneous sale of a put on that stock. C.
Answers (1)
Some proponents of labor law reform believe that
Answers (1)
Are budgets part of the performance measurement system or the performance reward system? a. Part of neither the performance measurement system nor the performance reward system b.
Answers (1)
A manager must decide whether a particular course of action is ethical. what is the first step the manager should take in reaching this decision?
Answers (1)
New Questions in Business
Terry hamilton has just received $30,000 from an uncle who died and is trying to decide how to invest it.
Answers (1)
Describe the types of economic resources
Answers (1)
The process of evaluating each market segment's attractiveness and selecting one or more segments to enter.
Answers (1)
The first step in finding a job is locating job leads. T F
Answers (1)
Karen received 105 total utils from the first 4 sodas she drank. If the marginal utilities of the first, second, and fourth sodas are 35, 28, and 16 respectively, what is the marginal utility of the third soda? a. 16. b. 26. c. 27. d. 105.
Answers (1)