When the plans of buyers and sellers are fully coordinated
A) the market clears.
B) there is neither a shortage nor surplus of a good.
C) quantity demanded equals quantity supplied.
D) all of the above are true.
D
You might also like to view...
If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:
A. Abnormal profits B. Economic rent C. Normal profits D. Interest payments
Which of the following is not an example of an externality?
A. Your employer requires all staff to wash their hands before serving lunch to guests. B. You bring in trash cans from the curb rather than leaving them for your neighbors to see all week. C. Your college roommate plays Call of Duty in the living room keeping you up the night of an exam. D. You live alone and left a mess of dishes from lunch.