In a commodity economy, the relationship among value, price, supply and demand is ( )
A: Prices are influenced by supply and demand and fluctuate around value
B: Price is determined by value, reflecting value but not supply and demand
C: Price is affected by value and changes with supply and demand
D: Price is determined by value, reflecting value and supply and demand
E: Price is determined by value, and affected by supply and demand. It also restricts supply and demand
A: Prices are influenced by supply and demand and fluctuate around value
B: Price is determined by value, reflecting value but not supply and demand
C: Price is affected by value and changes with supply and demand
D: Price is determined by value, reflecting value and supply and demand
E: Price is determined by value, and affected by supply and demand. It also restricts supply and demand
举一反三
- In what kind of economy is production determined by the interaction of supply and demand and signaled to producers through the price system?
- Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply
- When supply is perfectly elastic, changes in demand have no effect on price
- The theory of exchange psychology holds that the value of foreign exchange is determined by the subjective evaluation of the marginal utility of foreign exchange made by both the supply and demand of foreign exchange.
- In a supply and demand figure, the equilibrium price and quantity are found at the A: point where quantity supplied equals quantity demanded. B: horizontal intercept of the demand curve. C: vertical intercept of the supply curve. D: horizontal intercept of the supply and the demand curves.