In a market where the forces of demand and supply operate without government intervention,the market price will
A) always be the equilibrium price.
B) generally stay above the equilibrium price.
C) generally stay below the equilibrium price.
D) tend toward the equilibrium price.
Correct Answer:
Verified
Q16: The market price _ the equilibrium price.
A)can
Q17: Q18: As price rises,the quantity _ rises. Q19: If market price is above equilibrium price, Q20: The forces of demand and supply ensure Q22: If demand rises and supply remains the Q23: The demand curve slopes Q24: In general demand curves slope _ and Q25: The law of supply Q26: An increase in equilibrium quantity would result
A)demanded
B)supplied
C)demanded and
A)quantity
A)upward to the right.
B)upward
A)states that price and
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