demand curve
The law of demand is graphically demonstrated by:
I have a problem in economics on highly competitive market in long run. Please help me in the following question. When markets are highly competitive, in long run then: (1) Economic profits will be positive. (2) Economic gains will be negative. (3) Economic profits wi
When a purely competitive industry is within long-run equilibrium and consumer demand then raises, the short-run industry quantity supplied and equilibrium price would tend to: (w) fall. (x) rise. (y) remain similar. (z) swing up and
When the price for Christmas trees is initially P1, in that case in the long run: (w) firms will neither enter nor exit this industry. (x) entry of firms will shift curve supply curve A to the right. (y) exit of firms will shift supply curve A to the left.
Marginal physical product: It refers to the addition build to the total product.
Within increasing-cost industries average there are: (w) production costs fall as output increases. (x) production costs rise as the number of firms in the industry grows. (y) production costs rise when the number of firms into the industry falls. (z)
Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.
geomeric method to measure elasticity of supply
The War in Iraq contributed to sharp rises in the world price of oil. This is most probable to encompass caused the demand for car washes in United States to: (1) Shift towards right. (2) Increase vertically. (3) Stabilize. (4) Shift towards left. (5) Much more inform
Additionally to monetary prices, there the costs of buying and selling comprise: (w) wage payments. (x) monopoly profits. (y) transaction costs. (z) social benefits. How can I solve my economics pr
why demand change of onion in during one week due to change in it's price?
18,76,764
1942560 Asked
3,689
Active Tutors
1447792
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!