Which of the following is the best example of what happens when an equilibrium point is reached?
A. A store that sells its televisions for $999 lowers its price to 899
B. All the stores in a city are selling a certain model of television for 899$
C. some customers decide $899 is too high ad buiy a lower-cost television
D. The number of tellevision available at $899 is the same as the number of sales
Ans: D. The number of tellevision available at $899 is the same as the number of sales
You might also like to view...
Young Faces Forever is a skin care company based in the United States that wants to enter the Japanese market. Suppose the managers of Young Faces are aware that there are significant social customs in Japan regarding skin products and these customs are unknown to the managers of Young Faces. All else equal, which of the following entry methods is the least likely to be successful for Young Faces?
A) partnership B) joint venture C) independent entry D) merger
A bank has $7 million in checkable deposits and $1.2 million in total reserves. If the required reserve ratio is 10 percent, then the bank has
A) required reserves of $700,000. B) excess reserves of $500,000. C) excess reserves of $1,080,000. D) required reserves of $120,000. E) a and b
Income inequalities are often greatest in the poorest countries.
Answer the following statement true (T) or false (F)
Describe the characteristics of fiscal policy from 2009 to 2012. Was it expansionary or contraction?
What will be an ideal response?