Multiple Choice
Your textbook discussed a model of a simple economy with four markets: labor, capital, energy, and food. Which of the following statements is inconsistent with a general equilibrium for this simple economy?
A) The household demand for energy equals the industry supply of energy.
B) The household demand for food equals the industry supply of food.
C) The household demand for labor equals the industry supply of labor.
D) The household supply of capital equals the industry demand for capital.
Correct Answer:
Verified
Correct Answer:
Verified
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