All but which ONE of the following statements is true about demand and supply?

a) The intersection point of the two curves is called equilibrium.

b) They are the two sides of each market transaction.

c) A shortage exists at below equilibrium prices.

d) They can shift when their underlying determinants change.

Question

16-02-2020
Social Studies

contestada

All but which ONE of the following statements is true about demand and supply?

a) The intersection point of the two curves is called equilibrium.

b) They are the two sides of each market transaction.

c) A shortage exists at below equilibrium prices.

d) They can shift when their underlying determinants change.

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andriansp andriansp · Answer 1 · 2020-02-23T04:49:16+01:00

Answer:

b) They are the two sides of each market transaction.

Explanation:

Actually, there is one more factor that influence market transaction beside supply and demand.

That third factor is called Regulation.

Regulation act as some sort of intermediary that ensure no sides have more power over the other.

For example, government regulation can create price ceiling for every market transaction. Price ceiling set a maximum limit of price that the sellers can impose to their product. This will protect the buyers from being overly exploited.

lifequn1231 lifequn1231 · Answer 2 · 2022-02-09T13:07:26+01:00

lifequn1231 lifequn1231

09-02-2022

Answer:

c : a shortage exists at below equilibrium prices.

TRUST MEEEEEEEE ITS C

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