
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 1
When a market is in equilibrium, the buyers are those with the __________ willingness to pay and the sellers are those with the __________ costs.
A) highest, highest
B) highest, lowest
C) lowest, highest
D) lowest, lowest
A) highest, highest
B) highest, lowest
C) lowest, highest
D) lowest, lowest
Explanation
Market equilibrium occurs in a circumsta...
Essentials of Economics 7th Edition by Gregory Mankiw
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