A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because: price will never change. demand will never change. quantity will never change. at any price other than equilibrium, forces in the market move price towards the equilibrium.
A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because: price will never change. demand will never change. quantity will never change. at any price other than equilibrium, forces in the market move price towards the equilibrium.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 9SQ
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Transcribed Image Text:A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because:
price will never change.
demand will never change.
quantity will never change.
at any price other than equilibrium, forces in the market move price towards the equilibrium.
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