The Assumption of Continuous Market Clearing Means That

question 9

Multiple Choice

The assumption of continuous market clearing means that:

• A) sellers can sell all that they want at the going price.
• B) buyers can buy all that they want at the going price.
• C) in any given month, buyers can buy all that they want and sellers can sell all that they want at the going price.
• D) at any given instant, buyers can buy all that they want and sellers can sell all that they want at the going price.

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Definitions:

Medical Education

A field of study and training that prepares individuals to practice as medical professionals, including courses, clinical rotations, and exams.

Efficiency Loss

The loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured as a result of illness or injury.

Marginal Benefit

The extra pleasure or benefit derived from acquiring or making an additional unit of a product or service.