Surplus of the good
Describe when there will be a surplus of the good?
Expert
When the real market price is more than the equilibrium price, then there will be a surplus of the good.
What happens when AD > AS past to full employment level of employment?
Question: Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem will necessarily involve a decision about which
When doubling your viewing of soap operas to 16 hrs per week reasons your IQ score to drop/fall from a mastermind level of 140 to a sluggish 70, your TV elasticity of brain power will be: (i) + 1.0. (ii) zero. (iii) – 1.0. (d) +0.5. (e) -0.5.
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
How can we analyze the number of event that influences the market?
I have a problem in economics on Price ratios and marginal utility ratios. Please help me in the following question. The efficiency in consumption needs equality of: (i) Income distribution. (ii) All product price and resources. (iii) MC and MR. (iv)
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
Assume that you receive $18 worth of ‘jollies’ (that is, utility, satisfaction or pleasure) from the very first hole of golf played on a particular day, and that your extra jollies from succeeding the holes drops $1 for each and every hole played. You shou
Describe when there will be a shortage of the good?
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
18,76,764
1933655 Asked
3,689
Active Tutors
1439937
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!