Question 4 The condition where firms want to sell more than consumers want to buy is called a) a surplus. b) a market collapse. c) a shortage. d) an equilibrium.
Question 4 The condition where firms want to sell more than consumers want to buy is called a) a surplus. b) a market collapse. c) a shortage. d) an equilibrium.
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 3.4P
Related questions
Question
Question 4
The condition where firms want to sell more than consumers want to buy is called
a) a surplus.
|
||
b) a market collapse.
|
||
c) a shortage.
|
||
d) an equilibrium.
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax