At equilibrium, price ________ is equal to _________.
Fill in the blank(s) with the appropriate word(s).
quantity demanded; quantity supplied
You might also like to view...
The sale of new stocks by a corporation is one source of investment funds.
Answer the following statement true (T) or false (F)
If marginal cost is less than average cost, average cost must fall when more units are produced.
Answer the following statement true (T) or false (F)
Economies of scale can be caused by all of the following except:
a. price discounts for large scale purchases. b. labor specialization. c. use of more productive equipment. d. increases in the firm's average total cost. e. more cost-efficient methods of marketing.
Tariff accounts for 32% of the total government revenue in the U.K. and only 1.2% in India
a. True b. False Indicate whether the statement is true or false