In asset markets, an asset's price is
A) set equal to the highest price a seller will accept.
B) set equal to the highest price a buyer is willing to pay.
C) set equal to the lowest price a seller is willing to accept.
D) set by the buyer willing to pay the highest price.
D
You might also like to view...
Monopolists are price ______.
a. makers b. takers c. followers d. ignorers
Lenders must be concerned that borrowers may do risky unauthorized things with the funds they are lent. This is the __________ problem
A) moral hazard B) nondivisibility C) adverse selection D) None of the above.
In the base year, the relationship between nominal and real GDP is
a. uncertain. b. one of equality. c. real GDP is higher. d. nominal GDP is higher.
Each person in the population can be classified as employed or unemployed
a. True b. False Indicate whether the statement is true or false