Your Textbook Discussed a Model of a Simple Economy with Four

question 16

Multiple Choice

Your textbook discussed a model of a simple economy with four markets: labor, capital, energy, and food. Which of the following statements is inconsistent with a general equilibrium for this simple economy?

• A)The household demand for energy equals the industry supply of energy.
• B)The household demand for food equals the industry supply of food.
• C)The household demand for labor equals the industry supply of labor.
• D)The household supply of capital equals the industry demand for capital.

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