How do price changes drive markets toward equilibrium?
AThey set new price floors and ceilings.
BThey increase or decrease supply or demand.
CThey ensure that prices are fair.
DThey prevent inflation or deflation.
Which is a real-life example of a market that is close to perfect competition?
Aa computer monopoly
Ban oil and gas cartel
Ca farmers’ market
Da public school system
AThey set new price floors and ceilings.
BThey increase or decrease supply or demand.
CThey ensure that prices are fair.
DThey prevent inflation or deflation.
Aa computer monopoly
Ban oil and gas cartel
Ca farmers’ market
Da public school system