In the long run total supply in this market will _____ (if demand does not rebound)
举一反三
- In the long run total supply in this market will _____ (if demand does not rebound) A: decrease B: increase C: stay unchanged
- If demand exceeds supply, the market can bear a higher price.
- In ___________, there is more supply than demand, buyers are at an advantage and prices are low. A: buyer's market B: seller's market C: bull market D: bear market
- In a monopolistically competitive market, product differentiation ensures that in the long run:
- When the interest rate on a bond is below the equilibrium interest rate, there is excess _________ in the bond market and the interest rate will _________ A: demand; rise B: demand; fall C: supply; fall D: supply; rise