Exam Question …and…do not directly affect the demand curve 1. the price of related goods, consumer incomes 2. consumer incomes, tastes 3. the costs of production, bank opening hours 4. the price of related goods, preferences View Answer Answer 3. the costs...
Exam Question When a market is in equilibrium 1. Quantity demanded equals quantity supplied 2. Excess demand and excess supply are zero 3. The market is cleared by the equilibrium price 4. All of the above View Answer Answer 4. All of the above Practice set and Exam...
Exam Question The equilibrium price clears the market; it is the price at which… 1. Everything is sold 2. Quantity demanded equals quantity supplied 3. Excess demand is zero 4. b & c View Answer Answer 1. Everything is sold Practice set and Exam Quiz Yes!...
Exam Question When we know the quantity of a product that buyers wish to purchase at each possible price, we know 1. Demand 2. Supply 3. Excess demand 4. Excess supply View Answer Answer 1. Demand Practice set and Exam Quiz Yes! You can do Online MCQ practice of...
Exam Question On a graph, a positive linear relationship 1. moves down to the right 2. moves up to the left 3. moves up to the right 4. moves down to the left View Answer Answer 3. moves up to the right Practice set and Exam Quiz Yes! You can do Online MCQ practice of...
