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At a price of $62.00, people are buying all of the microwave ovens produced at the MZ factory. In this case, $62.00 is called the _______ price. A. fixed market B. steady market C. market clearing D. shortage market
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Asked 4/4/2014 5:45:08 PM
Updated 4/4/2014 6:49:23 PM
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Flagged by debnjerry [4/4/2014 6:49:23 PM]
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User: At a price of $62.00, people are buying all of the microwave ovens produced at the MZ factory. In this case, $62.00 is called the _______ price. A. fixed market B. steady market C. market clearing D. shortage market

Weegy: D. fixed market



Question
Asked 4/4/2014 5:45:08 PM
Updated 4/4/2014 6:49:23 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [4/4/2014 6:49:23 PM]
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At a price of $62.00, people are buying all of the microwave ovens produced at the MZ factory. In this case, $62.00 is called the MARKET CLEARING price. (otherwise known as equilibrium price).
Added 4/4/2014 6:49:21 PM
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