Factor market will be in equilibrium when
A) Demand for factors is less than its supply
B) Demand for factors is equal to supply of factors
C) Supply of factors is less than for it
D) All of the above
Correct Answer:
Verified
Q4: Monopoly means
A)A single seller
B)A single buyer
C)Large number
Q5: Factor prices are determined in the factor
Q6: The labour market equilibrium determines the wage
Q7: Equilibrium conditions for factor market is
A)Demand for
Q8: Demand for factor of production is
A)Supplementary demand
B)Intermediate
Q10: Which of the following is not a
Q11: The supply of a good refers to:
A)Stock
Q12: The cost of one thing in terms
Q13: The producer's demand for a factor of
Q14: Under conditions of perfect competition in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents