A price maker is a buyer or a seller who:
A. takes the market price as given.
B. buys or sells only at a price where profits can be made.
C. accepts whatever price that the government legislates as the price of the good or service.
D. has the ability to influence the equilibrium price in the market.
Answer: D
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A) suggests that a downturn in real GDP will lead to a sharp fall in investment, which leads to further reductions in GDP through the multiplier. B) emphasizes that current investment spending depends negatively on the expected future growth of GDP. C) links investment spending to stock prices. D) emphasizes the role of real interest rates and taxes.
A group of musicians performing at a concert for charity in New York is an example of a cluster in economics
a. True b. False Indicate whether the statement is true or false