In an import-oriented distribution structure, supply often exceeds demand.
举一反三
- If demand exceeds supply, the market can bear a higher price.
- The Marshall-Lerner condition holds that a country's current account balance will ________ in response to a real ________ in a nation's currency if ________. ( ) A: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 0 B: improve; depreciation; sum of the price elasticities of export and import demand exceeds 1 C: improve; appreciation; sum of the price elasticities of export and import demand exceeds 0 D: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 1
- 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
- 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
- The price of the product is not ________ but varies with the supply and demand.