Waiting lists for health care and prestige cars are evidence of disequilibrium pricing.

by hiaja | Jul 14, 2023 | Quiz

Waiting lists for health care and prestige cars are evidence of disequilibrium pricing. This is _____....

An increase in demand will have a bigger impact on the equilibrium price, the more elastic the supply is.

by hiaja | Jul 14, 2023 | Quiz

An increase in demand will have a bigger impact on the equilibrium price, the more elastic the supply is. This is _____....

Following an increase in taste and preferences for a good, the demand curve shifts to the right and the equilibrium price and quantity both increase.

by hiaja | Jul 14, 2023 | Quiz

Following an increase in taste and preferences for a good, the demand curve shifts to the right and the equilibrium price and quantity both increase. This is _____....

A price above the equilibrium will result in an excess of demand for the product.

by hiaja | Jul 14, 2023 | Quiz

A price above the equilibrium will result in an excess of demand for the product. This is _____....

At the equilibrium price, the willingness to demand is equal tothe willingness to supply.

by hiaja | Jul 14, 2023 | Quiz

At the equilibrium price, the willingness to demand is equal to the willingness to supply. This is _____....

A cost that depends on the quantity produced is a fixed cost

by hiaja | Jul 5, 2023 | Quiz

A cost that depends on the quantity produced is a fixed cost. This is _____....