The equilibrium price clears the market it is the price at which _________________?

Related Mcqs:

If marginal benefit is greater than marginal cost, a rational choice involves ?

A. no more of the activity. B. less of the activity C. more of the activity D. more or less, depending on the benefits of other activities...

Workers in Western Europe enjoy a high standard of living because ?

A. the countries of Western Europe have set high minimum wage rates. B. Unions in Western Europe keep the wage high C. none of these answers. D. The countries of Western Europe have protected their industries from foreign corporation E. Workers in the united states are highly productive...

When we know the quantity of a product that buyers wish to purchase at each possible price we know_____________?

A. Demand B. Supply C. Excess demand D. Excess supply...

Inflation is___________________?

A. a decrease in the overall price level. B. an increase in the overall price level. C. an increase in the overall level of economic activity. D. a decrease in the overall level of economics activity...

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

A. a nonlinear relationship B. a positive linear relationship C. a scatter diagrams D. a negative linear relationship...