A market comprised of a downward sloping demand curve that - 11553

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yousafbhutta

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  • From: , Microeconomics
  • Posted on: Sun 24 Jun, 2012
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 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.
  •  quantity will never change.
  •  demand will never change.
  •  at any price other than equilibrium, forces in the market move price towards the equilibrium.

 

Solution Description

A market comprised of a downward sloping demand curve that intersects an upward sloping supply curve is said to be stable because