A seller’s reservation price is generally equal to: A.the market price. B.the seller’s marginal benefit. C.the seller’s opportunity cost. D.the buyer’s reservation price. 正确答案：the seller’s opportunity cost.

A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because: A.price will never change. B.demand will never change. C.quantity will never change. D.at any price other than equilibrium, forces in the market move … 阅读详情>> "A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because:"

Which of the following is NOT a characteristic of a market in equilibrium? A.All consumers are able to purchase an amount equal to their quantity demanded. B.The equilibrium price is stable, i.e., there is no pressure for it to change. C.Excess supply is zero. D.Excess demand is … 阅读详情>> "Which of the following is NOT a characteristic of a market in equilibrium?"

A market in disequilibrium would feature: A.a stable quantity. B.either excess supply or excess demand. C.consumers able to purchase all they wish at the market price. D.a stable price. 正确答案：either excess supply or excess demand.

The equilibrium price and quantity of any good or service is established by: A.only demanders. B.government regulations. C.both demanders and suppliers. D.only suppliers. 正确答案：both demanders and suppliers.

A shortage occurs when: A.the equilibrium price is too high. B.quantity supplied exceeds quantity demanded. C.quantity demanded exceeds quantity supplied. D.demand is greater than supply. 正确答案：quantity demanded exceeds quantity supplied.

Whenever the quantity demanded is not equal to the quantity supplied, the quantity that is actually sold in the market is: A.the quantity demanded. B.the greater of the quantity demanded and the quantity supplied. C.the smaller of the quantity demanded and the quantity supplied. … 阅读详情>> "Whenever the quantity demanded is not equal to the quantity supplied, the quantity that is actually sold in the market is:"

Almost every holiday season at least one gift idea achieves fad status. When that happens, prices tend to increase dramatically. Why? A.The demand curve for fad items is upward-sloping. B.Quantity demanded exceeds quantity supplied. C.Too much government regulation in the market. … 阅读详情>> "Almost every holiday season at least one gift idea achieves fad status. When that happens, prices tend to increase dramatically. Why?"

If the market for sport utility vehicles has excess supply, then one can say that: A.quantity demanded is greater than quantity supplied. B.supply is greater than demand. C.demand is greater than supply. D.quantity supplied is greater than quantity demanded. 正确答案：quantity supplie … 阅读详情>> "If the market for sport utility vehicles has excess supply, then one can say that:"

Refer to the figure above. The equilibrium price and quantity for this market are: A.$2; 8. B.$4; 6. C.$6; 4. D.$8; 6. 正确答案：$6; 4.

Refer to the figure above. At a price of $9, the market will experience _ in the amount of _ units. A.equilibrium; 4 units B.excess supply; 5 units C.excess demand; 5 units D.excess supply; 6 units 正确答案：excess supply; 5 units

Refer to the figure above. At a price of $3, the market will experience _ in the amount of _ units. A.equilibrium; 4 units B.excess supply; 7 units C.excess supply; 3 units D.excess demand; 5 units 正确答案：excess demand; 5 units