Q1. When plotted on the same graph, the supply curve and the demand curve will n

Question

Q1. When plotted on the same graph, the supply curve and the demand curve will normally
   a. run parallel to one another.
   b. one curve point up, one curve point down.
   c. cross one another at some point.
   d. be far apart due to the "eruption factor".
   e. get closer together as demand increases, but never intersect.

Q2. The price at which the quantity of goods demanded and the quantity of goods supplied are equal is referred to as
   a. the going rate.
   b. the point-of-no-return price.
   c. the market price.
   d. the better price.
   e. the going price.

Q3. A(n) ___________ is a nation's system for allocating the factors of production.
   a. geographic system
   b. economic system
   c. production system
   d. management system
   e. factor system

Q4. The price at which the quantity of goods demanded and the quantity of goods supplied are equal is referred to as
   a. the equilibrium price.
   b. consumer equality price.
   c. the deal maker price.
   d. the motion point price.
   e. market equality price.

Q5. For most of the 20th century, firms practiced which of the following forms of marketing?
   a. mass marketing
   b. micromarketing
   c. niche marketing
   d. segment marketing

Explanation / Answer

1- c. cross one another at some point.

2-    c. the market price.

3-b. economic system

4- a. the equilibrium price.

5- a. mass marketing
5-

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.