When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is a thrift institution?
i. a credit union ii. the Fed iii. a savings bank A) i only B) ii only C) iii only D) Both i and iii E) i, ii, and iii
Explain how the following will affect the supply curve of coffee
a) A fall in the wages paid to coffee workers b) An increase in the availability of high-yielding coffee plants c) A decrease in the quantity of land under coffee cultivation
Trade restrictions:
A. increase the cost or difficulty of making exchanges across national borders. B. discourage people from fully taking advantage of lower prices in other countries. C. can explain why purchasing power parity doesn't typically hold. D. all of the above statements are true.
Suppose you found $2,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 25 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves
a. $2,000; $8,000 b. $2,000; $6,000 c. $1,500; $8,000 d. $1,500; $6,000