The Basic Tools of Supply and Demand Are

question 116

Multiple Choice

The basic tools of supply and demand are

• A)useful only in the analysis of economic behavior in individual markets.
• B)useful in analyzing the overall economy, but not in analyzing individual markets.
• C)central to microeconomic analysis, but seldom used in macroeconomic analysis.
• D)central to macroeconomic analysis as well as to microeconomic analysis.

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Definitions:

Moment

A quantifiable measure of the shape of a set of points or a function, used in various scientific fields, especially physics and statistics, to describe physical properties or probability distributions.

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