The economic resource that organizes the use of other economic resources is called

The supply and demand schedules for dozens of roses are given below: Price__ Quantity S per period__ Quantity D per period $10________ 200_______________ 500 $20________ 300_______________ 450 $30________ 400_______________ 400 $40________ 500_______________ 350 $50________ 600_______________ 300 The equilibrium price for a dozen roses is

A) $30. B) $50. C) $20. D) $10. E) $40.

Prices and wages tend to be:

A. flexible both upward and downward. B. inflexible both upward and downward. C. flexible downward, but inflexible upward. D. flexible upward, but inflexible downward.