Multiple Choice
If markets are left to their own devices, the ________ a good or service is desired by buyers, the ________ its price will be.
A) more; higher
B) more; lower
C) less; higher
D) less; more unstable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: Prices are a critical component of the
Q55: In the U.S. economy, the quantity of
Q56: Information facilitates exchange by fostering competition.
Q57: A market dominated by a few large
Q58: Property rights connect effort with reward.
Q60: When the Pilgrims first arrived in North
Q61: Many of India's most talented people move
Q62: Scenario 6.1: Tasha and Gloria are friends
Q63: If consumers suddenly decide they no longer
Q64: Coal is very useful in the production