A Market Comprised of a Downward-Sloping Demand Curve That Intersects

question 49

Multiple Choice

A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because:

• A)price will never change.
• B)quantity will never change.
• C)demand will never change.
• D)at any price other than equilibrium, forces in the market move price towards the equilibrium.

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