At the beginning of the section “A Balancing Act,” the author says, “Many factors affect prices, but supply and demand top the list.” Give some examples to show how supply and demand affect prices.
举一反三
- Economists are interested in all the factors that can help to ___ the extent to which a price change will affect supply and demand in the market.
- In a commodity economy, the relationship among value, price, supply and demand is ( ) A: Prices are influenced by supply and demand and fluctuate around value B: Price is determined by value, reflecting value but not supply and demand C: Price is affected by value and changes with supply and demand D: Price is determined by value, reflecting value and supply and demand E: Price is determined by value, and affected by supply and demand. It also restricts supply and demand
- Exchange rates are prices of different currencies, thereby influenced by demand and supply of currencies.
- 中国大学MOOC: In ___________, there is more supply than demand, buyers are at an advantage and prices are low.
- Economists are interested in all the factors that can help to_______the extent to which a price change will affect supply and demand in the market. A: deceive B: introduce C: acquaint D: predict