The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
Answer:The private sector has been sidelined despite Beijing’s 2013 decision to allow market forces to play a decisive role in the economy, Lardy says‘The resumption of state-led growth … and an increasingly omnipresent party are contributing to China’s growth slowdown,’ US economist writes in new book.
Explanation:Well Im right aren't I.
C and D, not E. Only two of the answers are correct so uncheck the last box.
Religion is a belief in and worship a superhuman controlling power, especially a personal God or gods.
Be charitable. Be caring and helpful to those in need, such as the orphans. ...
Be compassionate. ...
Be spiritual and pure. ...
Have self-control. ...
Practice your religion. ...
Let true love bind all the virtues you need to practice true religion.
