If demand exceeds supply, the market can bear a higher price.
举一反三
- A price that is higher than the equilibrium price ( ) A: The producer cannot recover the production cost at this price. B: At this price, the quantity supplied is greater than the quantity<br/>demanded. C: Consumers are willing to purchase all products at this price. D: Demand is greater than supply at this price.
- The discovery of a large new reserve of crude oil will shift the ________ curve for gasoline, leading to a ________ equilibrium price. ( ) A: supply, higher B: supply, lower C: demand, higher D: demand, lower
- 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 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
- The correct statement about the bidding quotation is (). A: The bid price shall be lower than the market value of cost price, and lower than the social average cost price. B: The quotation can not be lower than the cost, but can be higher than the maximum bid price. C: If the quotation is lower than the cost, the bid evaluation committee shall reject the bid. D: The quotation can be lower than the cost, but not higher than the maximum bid price.