What is an economic market?
What will be an ideal response?
An economic market refers to a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade.
Economics
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Discuss why the World Bank has been criticized for making loans to nations that can attract private funds
What will be an ideal response?
Economics
If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is
a. zero, and the supply curve is horizontal. b. zero, and the supply curve is vertical. c. infinity, and the supply curve is horizontal. d. infinity, and the supply curve is vertical.
Economics