The term market mechanism refers to
A) The use of market prices and sales to determine resource allocation.
B) The establishment of a ceiling price in a market.
C) Supply curves but not demand curves.
D) Government laws and regulations concerning how the market should operate.
Correct Answer:
Verified
Q49: A market is said to be in
Q50: The equilibrium price in a market is
Q51: Which of the following can change without
Q52: Assume that steel is used to produce
Q53: Ceteris paribus,if the subsidies given to corn
Q55: When a surplus exists for a product,
A)Producers
Q56: In most markets,the equilibrium price is achieved
A)Through
Q57: If corn and wheat are alternative pursuits
Q58: If there is a surplus at a
Q59: Which of the following events would cause
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