When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

Related Mcqs:

What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?

A. Floor price B. Fixed price C. Bid price D. Basic price...

An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?

A. Checking B. Audit C. Stock-taking D. Accounting...

Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?

A. National Association of Securities Dealers Automatic Quotation system (Nasdaq) B. New York Stock Exchange C. Wall Street D. Nikkei Stock Average...

Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?

A. Four Dragons B. Little Tigers C. Four Tigers D. All of these...

Debenture holders of a company are its_______________?

A. Shareholders B. Creditors C. Debtors D. Directors...