menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 5
  4. Exam
    Exam 3: Measuring Macroeconomic Performance: Wages, Employment and the Labour Market
  5. Question
    The Equilibrium Price and Quantity of Any Good or Service
Solved

The Equilibrium Price and Quantity of Any Good or Service

Question 121

Question 121

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

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

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines