The market clearing price is
A) the price which eliminates excess quantity supplied or excess quantity demanded.
B) the price which leaves an excess quantity demanded.
C) the price which leaves an excess quantity supplied.
D) the lowest price at which a positive quantity supplied exists.
A
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Unreimbursed medical expenses in excess of 8.5% of AGI are tax deductible.
A. True B. False C. Uncertain
Sharon buys some common stock in 1990 for $10,000 and sells it in 2000 for $15,000 . During the same period, prices have risen by 75 percent. The net result of Sharon's stock purchases is that she will
a. pay no taxes because she earned negative real capital gains. b. lose purchasing power and have to pay taxes anyway. c. earn a real capital gain of $5,000 plus 75 percent. d. earn a real capital gain of $15,000 minus 75 percent.
The unemployment rate is the number of people without a job:
A. and looking for work divided by the population. B. divided by the population. C. and looking for work divided by the labor force. D. divided by the labor force.
Which statement is false?
A. Our balance of payments is the entire flow of U.S. dollars and foreign currencies into and out of the country. B. Our trade balance is just the difference between our imports and our exports. C. Our trade balance has been negative since the mid-1970s. D. None of these statements are false