Multiple Choice
The equilibrium price and quantity of any good or service are established by
A) only consumers.
B) only firms.
C) government regulations.
D) both consumers and firms.
E) custom and tradition.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q116: "Holding all other relevant factors constant,consumers will
Q117: "As the price of personal computers continues
Q118: Assume the demand for flash drives increases,while
Q119: In general,when the demand curve shifts to
Q120: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -The data show
Q122: Assume the demand for graphics cards decreases,while
Q123: Suppose that the demand curve for a
Q124: For two goods,X and Y,to be classified
Q125: Suppose that both the equilibrium price and
Q126: If the price of a good is