--%>

Equilibrium price of a quantity

I have a problem in economics on Equilibrium price of a quantity. Please help me in the following question. The equilibrium price is a price at which the quantity: (1) Bought equivalents the quantity sold. (2) Demanded equivalents the quantity supplied. (3) Equivalents the price. (d) Sold just covers each and every cost.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Maximizing consumer and adjusts consumer

    Can someone help me in finding out the right answer from the given options. Zeus got one million dollars for winning every event in current Olympics. In past, he would have frivolously exhausted his winnings on the lightning bolts, however after studying economics, he

  • Q : Present Value and Rates of Return When

    When the rate of return you calculate on an asset exceeds the interest rate: (1) competition for profit must make its price fall rapidly. (2) the price must fall rapidly. (3) the market is in long term equilibrium. (4) you should igno

  • Q : Short-run consequence of hurricanes

    A probable short-run consequence of a devastating sequence of hurricanes smashing by Florida would be: (w) reductions within the prices of building materials. (x) raises the price of tickets at Disney World. (y) declining demand for Florida oranges due to higher price

  • Q : Monopolies in monopolistically

    Unlike several monopolies, a monopolistically competitive firm in long-run equilibrium produces a level of output where is: (1) price equals marginal cost. (2) pricing is economically efficient. (3) marginal revenue most greatly exceeds marginal cost.

  • Q : Influence of subsidy on good Assume

    Assume that the market for a good is initially in equilibrium, and then the govt. places a subsidy on good. The probable result would be: (i) Raised production and purchases of good. (ii) That buyers would pay big prices for the good. (iii) Extended scarcity of the go

  • Q : Tariffs Choose the right answer from

    Choose the right answer from following. Tariffs: A) may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). B) are also called import quotas. C) are excise taxes on goods exported abroad.

  • Q : Government programs influencing

    Government programs assuring farmers minimum legal price floors which surpass equilibrium market prices will outcome: (1) Cheaper food for consumers. (2) Scarcities of food and the potential for famine. (3) Surplus demand in food markets. (4) Maximum equilibrium price

  • Q : Total costs incur by profit-maximizing

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will incur total costs of around: (w) $20 per hour. (x) $27

  • Q : Economic profits in long run A monopoly

    A monopoly will make economic profits within the short run: (w) but cannot create economic profits in the long run. (x) if average total costs [ATC] > P. (y) as long as total revenue exceeds total costs. (z) All of the above.

  • Q : Elasticity of supply when product

    Since the supply of land is fixed, then the: (w) demand for land is absolutely horizontal. (x) supply of land is completely elastic. (y) demand for land is absolutely vertical. (z) supply of land is perfectly inelastic.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1419951 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1933650
    Asked

    3,689

    Active Tutors

    1419951

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.