Private goods can be efficiently provided by
A: prices.
B: competitive markets
C: supply and demand.
D: all of the above.
A: prices.
B: competitive markets
C: supply and demand.
D: all of the above.
举一反三
- Factor markets are different from product markets in an important way because A: equilibrium is the exception, and not the rule, in factor markets. B: the demand for a factor of production is a derived demand C: the demand for a factor of production is likely to be upward sloping, in violation of the law of demand. D: All of the above are correct.
- Free markets allocate (a) the supply of goods to the buyers who value them most highly and (b) the demand for goods to the sellers who can produce them at least cost.
- Free markets allocate (a) the supply of goods to the buyers who value them most highly and (b) the demand for goods to the sellers who can produce them at least cost. A: 正确 B: 错误
- 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
- At the beginning of the section “A Balancing Act,” the author says, “Many factors affect prices, but supply and demand top the list.” Give some examples to show how supply and demand affect prices.