At the equilibrium price, the quantity that buyers want to buy exactly equals the quantity that sellers want to sell
a. True
b. False
Indicate whether the statement is true or false
True
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The _____ clause in an insurance policy relieves the insurer of responsibility to pay for policyholder's losses below a pre-specified amount
a. propitious selection b. coinsurance c. vigilance d. deductible
Which of the following exchanges handles numerous technology companies including Intel and Microsoft?
a. NASDAQ b. NYSE c. AMEX d. None of the above handle technology stocks.
Who among the following is likely to have the highest marginal propensity to consume out of current income?
a) a rational consumer who intends to behave strictly according to the permanent income hypothesis b) a risk averse consumer facing a high degree of uncertainty c) a low-income consumer facing borrowing constraints d) a working age consumer looking forward to retirement e) a wealthy parent who is currently accumulating funds to bequeath to his heirs
Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change. B) the future relative price of related goods to change. C) the number of sellers to change. D) technological changes to occur.