Examlex

Solved

If Prices Are Flexible, No Matter What Demand Turns Out

question 39

True/False

If prices are flexible, no matter what demand turns out to be, firms can continue selling their optimal output.


Definitions:

Cell Phones

Portable telecommunications devices that allow users to make voice calls, send text messages, and access various digital services.

Herring

A type of fish that is widely used for food and is important in many cultural dishes.

Opportunity Cost

The financial sacrifice of the next preferable alternative when choosing.

Cell Phones

Electronic devices used for mobile telecommunications over a cellular network of specialized base stations.

Related Questions