What is the notional demand for a good?
Aggregate supply of services at market equilibrium
Purchasing power of goods in the market
Aggregate quantity of goods demanded at market equilibrium
Desire to purchase goods in the market
Notional demand for a good is the aggregate quantity of goods which would be demanded if all the markets were in equilibrium.
The market for a good is in equilibrium. What is the effect on equilibrium price and quantity if the increase in market demand is less than the increase in market supply?
The market price where quantities of goods and quantities supplied is equal to quantities of goods and quantities in demand is ____________.
In what respect do the supply and demand curves in the labour market differ from those in the goods market?