Q. Which of the following is incorrect?
a. A function shows the relationship between two or more variables
b. Normative Economics studies how the economic problems facing society should be solved
c. A market necessarily refers to a meeting place between buyers and sellers
d. Equilibrium refers to the market conditions which once achieved, tend to persist
ANSWER: A market necessarily refers to a meeting place between buyers and sellers
Answer & Explanation
No explanation is available for this question!
