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  • 2021-04-14
    The price of the product is not ________ but varies with the supply and demand.
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    举一反三

    • 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
    • The equilibrium price is a point at which buyers’ demand for a product and sellers’ supply of it are in balance.
    • When supply is ________ or the product is ________, then price is demand determined. A: variable; standardized B: fixed; unique C: fixed; standardized D: variable; unique.
    • 学起: The price of goods usually rises when the supply is not ______ to the demand.
    • A decrease in income should: A: Shift demand for an inferior product inwards B: Shift demand for an inferior product outwards C: Shift supply for an inferior product outwards D: Shift supply for an inferior product inwards

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