Which of the following is correct?
A. i. A surplus puts downward pressure on the price of a good.
B. ii. A shortage puts upward pressure on the price of a good.
C. iii. There is no surplus or shortage at equilibrium.
Question 8 options:
D. i and ii.
ii and iii.
i, ii, and iii.
only iii.
i and iii.
C. iii. There is no surplus or shortage at equilibrium.
Economics
You might also like to view...
A good that people must actually consume before they can determine qualities is called
A) a credence good. B) a search good. C) an experience good. D) a persuasive good.
Economics
Many economists believe that skill-biased technical change has increased the incomes of highly skilled workers and decreased the incomes of low-skill workers
a. True b. False Indicate whether the statement is true or false
Economics