Excess demand in an unregulated market will cause the price of a product to fall.
Answer the following statement true (T) or false (F)
False
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The health care reforms passed by the U.S. government in 2010 are collectively referred to as
A) the Patient Protection and Affordable Care Act. B) socialized medicine. C) the National Health Service. D) the Medicare and Medicaid Cooperative.
Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Denmark gain compared to the "without trade" numbers?
A) 30 B) 100 C) 150 D) 900
If the percentage increase in the quantity supplied is smaller than the percentage increase in the price, the supply:
A. is elastic. B. is inelastic. C. is perfectly elastic. D. is unit elastic.
The Fed's principal objective is to
a. make profits to pay into the U.S. Treasury. b. collect tax revenues. c. supervise the business decisions of banks. d. manage the money supply and interest rates.