The speculative demand for money relates the quantity of money demanded (or held) to
a. the level of income
b. the interest rate
c. the price level
d. the investment opportunity
e. satisfy consumption needs
B
Economics
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Which of the following best describes the efficiency results in oligopoly?
A. P > MC and P = minimum ATC B. P = MC and P > minimum ATC C. P = MC and P = minimum ATC D. P > MC and P > minimum ATC
Economics
A market for a product reaches equilibrium when
A. buyers intend to buy a quantity equal to the quantity that sellers intend to sell. B. the actual quantity bought by buyers equals actual quantity sold by sellers. C. the price rises further after there is a surplus. D. price falls further after there is a shortage.
Economics