If Prices Are Free to Rise and Fall,and Supply and Demand

question 103

True/False

If prices are free to rise and fall,and supply and demand cross at a positive price,quantity combination,neither excess demand nor excess supply can persist in a market.

---

Definitions:

Internal Auditing

The independent and objective evaluation of an organization's financial and operational activities, typically performed by in-house staff.

Construction Firm

A company that specializes in building and designing infrastructure, buildings, and other architectural projects.

Control Problems

Issues arising from the attempt to monitor or regulate processes, people, or systems, which can lead to inefficiency or loss of focus.

Internal Auditing

The ongoing evaluation of a company's operations and performance by a dedicated internal department to ensure compliance and efficiency.