Refer to Figure 3-4. If the price is $20,
A) there is a surplus of 600 units. B) quantity demanded is zero.
C) there is a shortage of 600 units. D) the market is in equilibrium.
D
Economics
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The critical factor in maintaining the value of the dollar is
A) confidence the supply of dollars will be limited. B) government budget deficits. C) government budget surpluses. D) the U.S. balance of international payments. E) vigorous economic competition.
Economics
The law of one price applied to the international marketplace is called:
a. real exchange rates. b. nominal exchange rates. c. arbitrage. d. purchasing-power parity.
Economics