ECON1-0403 - -Every seller is offered the same price, and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
One question from newspaper reading for quiz New York Stock Exchange Theory of Competitive Equilibrium Key assumption: One price
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Every seller is offered the same price, and every buyer has to pay that price Price equates demand and supply...
View Full Document

This note was uploaded on 06/03/2009 for the course ECON ECON 1 taught by Professor Crouch during the Spring '09 term at UCSB.

Ask a homework question - tutors are online