Refer to the demand and supply equations. At a price of $35, there will be ________
Fill in the blank(s) with correct word
Qd = 80 - 2 (35 ) = 10 units
Qs = - 10 + 4 (35 ) = 130 units
Thus, at a price of $35 which is above the equilibrium price of $15, we have an excess supply or shortage of 120 units
Economics
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The ______________is a period of production long enough for producers to adjust the quantities of all of their resources.
Fill in the blank(s) with the appropriate word(s).
Economics
In the list of assets below, which is the most liquid?
A) $500 worth of Ford Motors common stock B) $500 worth of Ford Motors bonds C) a $500 traveler's check D) a one-ounce gold coin
Economics