Objective of Price Controls
Price controls are intended to: (w) eliminate arbitrage and speculation. (x) stabilize prices. (y) make sure laissez-faire policies. (z) ignore shortages and surpluses. How can I solve my economics problem? Please suggest me the correct answer.
Price controls are intended to: (w) eliminate arbitrage and speculation. (x) stabilize prices. (y) make sure laissez-faire policies. (z) ignore shortages and surpluses.
How can I solve my economics problem? Please suggest me the correct answer.
The people who anticipate prices to increase soon will tend to rise their: (i) Current demands for the durable goods. (ii) Waiting time prior to buying. (iii) Saving as a result they can afford higher prices. (iv) Current supplies.
In this demonstrated figure kinked demand curve model, when a firm at point a raises or lowers its price and the rest of the firms in the industry do similar thing, in that case the relevant demand curve for the firm is: (w) demand curve D0
Why does a good or service become a public good or service?
In the market of papayas: (1) A scarcity exists at P2. (2) Papayas are a free good at P0. (3) Papayas are presently a scarce good. (4) Consumer’s demand prices equivalent P2 at quantity Q2. (5) Equilibrium price for papayas be P0. Q : Problem on public demand In the year of In the year of 1996 McDonald's introduced its Arch Deluxe hamburger, which failed to catch on with the public and was subsequently dropped from the menu. This failure illustrates the idea of: A) consumer sovereignty. B) technological change. C) downsloping demand
In the year of 1996 McDonald's introduced its Arch Deluxe hamburger, which failed to catch on with the public and was subsequently dropped from the menu. This failure illustrates the idea of: A) consumer sovereignty. B) technological change. C) downsloping demand
For normal luxuries and goods, decreases in income tend to cause the: (i) Market prices to increase. (ii) Raises in quantities demanded. (iii) A reduction in demand for goods. (iv) Demand curves to shift to right. What is the right
When interest rates fall and this lowers mortgage payments therefore homebuyers can afford to buy more costly houses, the predictable increase within housing prices is most directly a symptom of: (i) capitalization. (ii) a speculative
Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for
Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.
Firm A has no costs of production and sells its products to just two buyers. The buyers (1 and 2) have the following demand functions: P1 = 90 -10q1 P2 = 60 - 5q2 (a) Assuming that the rm can engage in third degree price discrimination, nd the
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