Which of the following is true for a market that clears?
a. An excess supply of anything traded will lead to a fall in its price.
b. An excess demand of anything traded will lead to a fall in its price.
c. An excess supply of anything traded will lead to a rise in its price.
d. An excess demand of anything traded will not lead to a price change.
e. A high price will lead to a high demand.
A
Economics
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Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain your answer
What will be an ideal response?
Economics
If Elmer Lach is taxed $100 on an income of $1,000 . Toe Blake is taxed $180 on an income of $2,000 . and Maurice Richard is taxed $220 on an income of $3,000 . the tax system is
a. progressive b. poll c. proportional d. regressive e. head
Economics