Market demand is
A) the total quantities demanded of all consumers of a particular item at given prices.
B) a movement along the demand curve in response to the market.
C) total equilibrium demand for the market.
D) the demand for and supply of a good or service.
Answer: A
You might also like to view...
If a country produces only two goods, it is possible to have a comparative advantage in the production of both those goods
Indicate whether the statement is true or false
Why might Congress find it easier to promote full employment than to curb inflation?
Answer the following statement(s) true (T) or false (F)
1. Within the process of risk assessment, the description of expected risk, how that risk was assessed, and those areas needing policy decisions is collectively known as exposure assessment. 2. The objective of risk management is to both identify risk and to respond to it. 3. The only level of “acceptable” risk to society is a risk level of zero. 4. De minimis risk identifies the point at which risk is set to zero. 5. According to the textbook application, exposure to radon gas is an example of a voluntary risk.
Using the "It's not fair if the result isn't fair" principle of fairness, an income tax designed to transfer wealth from the rich to the poor
A) increases efficiency and equity. B) increases efficiency and does not affect equity. C) decreases efficiency and increases equity. D) decreases efficiency and equity.