Say's law argues that
I. overproduction is typical in a market economy.
II. supply creates its own demand.
A) I only B) II only C) Both I and II D) Neither I nor II
B
Economics
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Refer to Table 2.4. What can be observed about the given resources?
A) Land is fixed but fertilizer is variable. B) Land and fertilizer are both fixed. C) Land is variable but fertilizer is fixed. D) Land and fertilizer are both variable.
Economics
A monopolist maximizes profit at the quantity where the slope of its total revenue curve equals the slope of its total cost curve
a. True b. False
Economics