Answer:
A market is said to have reached equilibrium price when the supply of goods matches demand. A market in equilibrium demonstrates three characteristics: the behavior of agents is consistent, there are no incentives for agents to change behavior, and a dynamic process governs equilibrium outcome.
Explanation:
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Answer:
$935.83
Explanation:
market price of the bonds:
PV of face value = $1,000 / (1 + 9%)¹⁰ = $422.41
PV of coupon payments = $80 x 6.4177 (PV annuity factor, 9%, 10 periods) = $513.42
current market price = $935.83
Since the market rate is higher than the coupon rate, the bonds will be sold at a discount.
A better social welfare program
In the labor market, the average wage paid to the workers adjusts to balance the quantity of labor supplied and the quantity of labor demanded. The supply and demand for labor, wherein employees give the supply and employers provide the demand, are referred to as the labor market, also referred to as the job market.
It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services. Dual labor market, by definition, refers to the idea that the American labor market is divided into two groups: the Primary Sector and the Secondary Sector.
To learn more about labor, click here.
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