The gap between quantity supplied and quantity demanded is usually closed over time by the
A) demand curve.
B) supply curve.
C) market mechanism.
D) invisible face.
Correct Answer:
Verified
Q23: If supply increases,equilibrium price
A) falls.
B) rises.
C) remains
Q24: The selling prices of houses in 2003
Q25: Most markets,if left alone,will tend toward
A) equilibrium
Q26: A higher price simultaneously _ the quantity
Q27: An increase in supply is shown graphically
Q29: The price at which the quantity supplied
Q30: How does a lower price alleviate the
Q31: How might a government cause a demand
Q32: Eventually,reduced-price hotel rooms will _ the supply
Q33: Demand is inelastic if
A) the quantity demanded
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