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Sublight2097 Sublight2097
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8 years ago
Suppose the market for guitars "clears" at a price of $500 per guitar. What does the above statement mean?
A) Nothing, if an economist made the statement.
B) Guitars are no longer a scarce good.
C) The plans of guitar buyers and sellers are coordinated.
D) There is no longer a demand for guitars.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Thanks for the feedback Slight Smile
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