At equilibrium, each of these is true EXCEPT
A. quantity demanded equals quantity supplied.
B. the price has no tendency to change.
C. market price equals equilibrium price.
D. there may be a shortage or a surplus.
D. there may be a shortage or a surplus.
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The equation of exchange shows that
A) P = (M × V) ÷ Y. B) P = (V × M) × Y. C) P = (M ÷ V) × Y. D) P = (M × Y) ÷ V. E) P - Y = M + V.
In Michael Porter's five competitive forces model, what do the competitive forces determine?
What will be an ideal response?
Which of the following factors prevents economists from comparing prices over different time periods?
a. Changes in the political and economic scenarios in a particular country b. Changes in consumer earnings c. Changes in the quality and characteristics of different products d. Changes in consumer tastes and preferences
Interbank trading is:
a. a monopoly business in the United States. b. controlled by just 10 banks. c. a state-mandated business. d. a highly competitive market, with hundreds of banks offering services.