A market
a. may be an organized exchange.
b. refers to a set of sellers and buyers whose actions affect a commodity's price.
c. is that area in which buyers and sellers compete to affect a product price.
d. All of the above are correct.
d
Economics
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An increase in nominal GDP could result from an increase in
i. production. ii. prices. iii. subsidies. A) i only B) ii only C) i and ii D) i and iii E) i, ii, and iii
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Over the long run, the supply curve becomes
a. unit elastic. b. more elastic. c. inelastic. d. negative.
Economics
What is economic value of an exchange?
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Why do businesses incorporate, and why do investors buy stocks?
What will be an ideal response?
Economics