Where supply and demand intersect on a graph, quantity demanded equals quantity supplied. This intersection is referred to as ________________.
Fill in the blank(s) with correct word
Answer: the equilibrium quantity
You might also like to view...
A market system solves the
A. “what” and “how” decisions but not the “to whom.” B. “what” and “to whom” decisions but not the “how.” C. “how” and “to whom” decisions but not the “what.” D. “what,” “how,” and “to whom” decisions.
An increase in real GDP can shift
A) money demand to the left and increase the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the right and decrease the equilibrium interest rate. D) money demand to the left and decrease the equilibrium interest rate.
When the supply of money rises, interest rates _____.
Fill in the blank(s) with the appropriate word(s).
Elasticity is always
a. measured in dollars b. measured in dollars per unit of quantity c. measured in units of quantity d. measured in units of quantity per dollar e. independent of the units of measurement