Generates price-quantity consistent for demanders or buyers

All prospective demanders [buyers] would be within equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q₁-Q₃ existing at P₃. (2) any point along the demand curve within this market. (3) only price P₂ and quantity Q₂ at point a. (4) eliminating the surplus Q₃-Q₁ at price P₁. (5) any point along the supply curve in this market.

1436_Equilibrium for Buyers.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : Supply curve The short-run industry

The short-run industry supply curve is found by what?

Q : Preference current consumption over

When the preference for current consumption over future consumption weakens, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income falls. (z) equilibrium level of investment falls.

Q : Good taxed revenue of price inelastic

Government tax revenue would raise most from a specified tax when the good taxed contain a relatively: (w) price elastic demand. (x) price inelastic demand. (y) unitary price elastic demand. (z) flatter demand curve.

Q : Disparities in relative distributions

Disparities into the relative distributions of two variables can be demonstrated with: (w) Lorenz curves. (x) Friedman curves. (y) Engels curves. (z) Sowell curves. I need a good answer on the topic of Econ

Q : Problem of Moral Hazard by an individual

The problem of moral hazard is finest explained by the behavior of an individual who: (1) Dates two distinct people on the sly. (2) Doesn’t lock up her car since theft is covered by the insurance. (3) Steals to support the serious drug habit. (4) Understates the

Q : Accountability process by Handel

Elucidate what the following statement by handel means and give an argument to either support or oppose the contention. Things might be exist independently of our accounts, however they have no human existence until the

Q : Hicks Model of Collective Bargaining I

I have a problem in economics on Hicks Model of Collective Bargaining. Please help me in the following question. The period of union strikes and the equilibrium wage rate at conclusion of a strike are the focus of: (i) Taft-Hartley Act of 1948. (ii) B

Q : Determine supply curve for perfectly

Assume that all such curves in below demonstrated graph are infinitely long straight lines. The supply curve which is perfectly price-elastic is: (1) supply curve S1. (2) supply curve S2. (3) supply curve S3. (4) suppl

Q : Supply of money The multiple by which

The multiple by which the commercial banking system can increase the supply of money on the basis of each dollar of excess reserves is equal to: A) the reciprocal of the legal reserve ratio. B) 1 minus the legal reserve ratio. C) the reciprocal of the income velocit

Q : Marginal revenue of price taker firm A

A price-taker firm’s marginal revenue is: (w) constant and identical to price. (x) less than average revenue. (y) sufficient to cover all short-run costs. (z) determined by the firm’s supply curve.

Discover Q & A

Leading Solution Library

Avail More Than 1461646 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1954520
Asked

3,689

Active Tutors

1461646

Questions
Answered

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

Submit Assignment