Scalping activity arises when

A) the prices of goods are allowed to adjust to their equilibrium levels.
B) the quantities of goods demanded and supplied are allowed to adjust to their equilibrium levels.
C) the prices of goods are restricted to levels above equilibrium prices.
D) the prices of goods are restricted to levels below equilibrium prices.

Answer: D

Economics

You might also like to view...

If the opportunity cost of 1 wristwatch is 4 wall clocks in Japan and 2 wall clocks in Germany, it makes sense for Japan to produce wristwatches

Indicate whether the statement is true or false

Economics

Which of the following interest rates is usually below other money market rates?

A) Discount rate B) Prime rate C) Federal funds rate D) Treasury note rate

Economics