All of the following apply to the description of a market in equilibrium except
a. quantity supplied equals quantity demanded
b. the intersection of the supply and demand curves
c. no excess supply exists
d. no excess demand exists
e. the price of the good is falling
E
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An advantage of the decision tree is that
A) it eliminates the need for calculating the cost of capital. B) it eliminates the need for calculating probabilities. C) it causes the analyst to consider important events that may occur in the course of the project, and decisions and actions that may have to be undertaken. D) All of the above
The prices of telecommunications services have decreased due to productivity increases
a. True b. False Indicate whether the statement is true or false
In recent decades Americans have increased their purchase of stocks of foreign-based companies. The Americans who have bought these stocks were engaged in
a. foreign portfolio investment. b. indirect domestic investment. c. foreign direct investment. d. foreign indirect investment.
Today the federal government collects nearly
A. $4 trillion a year in tax revenues. B. $500 billion a year in tax revenues. C. $1 billion a year in tax revenues. D. $1 trillion a year in tax revenues.