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Supply and Demand Together Flashcards | StudBud
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Supply and Demand Together
Equilibrium exists in all markets all the time.
surplus
Supply and Demand Together
5 terms
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StudBud Administration
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35 plays
# junior/Senior
Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
surplus
quantity supplied is greater than the quantity demanded.
the stock of goods that a business or store has on hand
quantity demanded is greater than the quantity supplied
2
Equilibrium exists in all markets all the time.
true
false
3
_____________ is a signal that directs resources to producing products with the highest demand.
a increase
equilibrium
a decrease
price
4
If all markets were in equilibrium this would indicate that buyers and sellers are happy.
false
true
5
an increase in demand brings a ___ in equilibrium price
fall
rise
