--%>
Assignment Help - homework help

Define equilibrium price

Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.

   Related Questions in Microeconomics

  • Q : Illustrate an example of relative price

    Joy waits into a long line at her local bookstore therefore she can be between the first to buy and read a newly-printed hardback copy of the newest Harry Potter adventure. And Lindsay waits till a lower priced paperback edition is printed just before buying any Potte

    		•
  • Q : Tourist’s use of natural resources What

    What are your views about tourist’s use of natural resources?

    		•
  • Q : Asymmetric Information-Efficiency of

    Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.

    		•
  • Q : Decision processes in Microeconomics

    Decision processes within households, and government and firms and the consequences of such decisions are initially the focus of: (1) positive economics. (2) public choice economics. (3) microeconomics. (4) normative economics. (5) microeconomics.

    		•
  • Q : Monopsonistic exploitation-Labor union

    Can someone please help me in finding out the accurate answer from the following question. Labor union contracts, a comparable significance rule, or minimum wage laws might boost equilibrium employment when a firm has been practicing: (i) Blacklisting

    		•
  • Q : Production function Describe three

    Describe three properties of a variable proportions production function that make sure that it allow profit maximization and cost minimization.

    		•
  • Q : Kinked demand curve of an oligopoly

    The kinked demand curve of an oligopoly model supposes: (w) price increases will be followed. (x) price increases will be matched. (y) price declines will be matched. (z) any price changes will be matched.

    Q : Problem on least monopsony power The

    The Firms which have at least some monopsony power will never: (i) Practice wage discrimination. (ii) Find out wage rates in portion by the number of workers it hires. (iii) Pay higher wages than would a firm hiring from the competitive labor market. (iv) Raise the em

    		•
  • Q : Law of Diminishing Marginal Utility

    The law of diminishing marginal utility might be evidenced by the person: (i) Smoking more however enjoying it less. (ii) Purchasing a new car subsequent to getting an increase. (iii) Distributing excess food to starving children. (iv) Who studies muc

    		•
  • Q : Production falls and price of demand

    A candy factory generated 5.2 million packages of gummy worms in this year as well as sold them for $1.27 all. Last year this sold 4.7 million packages of gummy worms of $1.36 all. Such firm’s gummy worms have price elasticity of demand roughly

    		•