Suppose the market-clearing price of wheat is $2.50 per bushel. At a price above $2.50,
A) supply would equal demand.
B) quantity supplied would equal quantity demanded.
C) quantity supplied would exceed quantity demanded.
D) quantity supplied would be less than quantity demanded.
C
Economics
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Which of the following markets is closely related to macroeconomics?
a. Cattle futures market. b. Fulton's fish market. c. Skilled labor market. d. Nation's unemployment rate.
Economics
Market economies produce only a few relatively minor defects.
Answer the following statement true (T) or false (F)
Economics