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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:

Formal Tone

A style of communication that is professional, polite, and adheres to conventional language standards, often used in business, academic, or official contexts.

Urethra

A tube that conveys urine from the bladder to the outside of the body in both males and females, and also transports semen in males.

Bladder

A muscular sac in the pelvis that collects and stores urine from the kidneys before it is excreted through the urethra.

Urine

A liquid waste product that is produced by the kidneys and expelled from the body through the urethra.

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