Which of the following coordinates the choices of buyers and sellers, bringing quantity demanded and quantity supplied into balance?
a. taxes and subsidies
b. consumer demand
c. government mandates
d. the market price
d. the market price
You might also like to view...
The town of Marble Falls has 10 workers, of which 8 are employed and 2 are actively seeking work. The unemployment rate in Marble Falls is
A) 5%. B) 10%. C) 20%. D) 25%.
Tammy sells woolen hats in a perfectly competitive market. The marginal cost of producing 1 hat is $24. The marginal cost of producing a second hat is $26 and the marginal cost of producing a third hat is $28. The market price of a hat is $26
To maximize profit, Tammy produces ________ per day. A) 1 hat B) 3 hats C) 2 hats D) as many hats as possible
Which of the following measures are government regulations to increase competition?
A) Government ends the ban on steel imports. B) Government shortens the term of the patent for a drug. C) Government subsidizes firms to enter energy market. D) All of above.
Why can’t food be used as a form of money?
What will be an ideal response?