I have more questions for Macro. I thank everyone in advance for the help!
The question is are markets always in equilbrium?
a) Yes, they are always at equilibrium point, or very close to it
b)Yes, because so few things tend to alter supple and demand
c)No, but if there is no interference, they tend to move toward equilibrium
d)No, they never ';settle down'; into stable price and quantity
e) Unertain, economic theory has to answer to this question
I think it is C because I don't think it can be in total equilibrium but I think it can get close.
The last question is if the demand for PC increases and the cost decreases it is expected
a) Price will fall but effect on quantity is uncertain
b)Quantitly sold will decrease, effect on price is uncertain
c)Quantitly sold will increase, effect on price is uncertain
d)Price will rise but effect on quantity is uncertain
I feel the answer is a but I at first thought maybe c.
Thanks again for the help!