How do price changes drive markets toward equilibrium?
A. They set new price floors and ceilings.
B. They increase or decrease supply or demand.
C. They ensure that prices are fair.
D. They prevent inflation or deflation.
Economics - Financial Markets
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
Not sure if I'm getting this right....but price changes do not increase D or S
Not the answer you are looking for? Search for more explanations.
ill give yo my logic when prices will go lower there will be more demand for it eg. you buy a sweet every week costing .50, when that sweet goes to .25 then you will buy 2. And if it goes ore lower law of diminishing returns will kick in
I KNOW WHAT U MEAN...BUT IN WHAT U JUST WROTE DOESN'T INCREASE THE DEMAND...BUT THE QUANTITY DEMANDED AND THERE'S A DIFFERENCE BETWEEN *DEMAND* AND *QUANTITY DEMANDED*
oops...sorry didn''t want to type it in caps lock
Anglela is correct, the question is badly stated. A change in demand is a shift of the demand curve, a change in quantity demanded is a movement along the demand curve. B is the best of the answers given, but it is not correct.