Market Period:
Market period is the period through which the capability of the firms to affect any modifications in supply in response to any modification in demand is tremendously limited or almost nil. Therefore supply is more or less fixed in the market period without any modifications. Though, the demand might vary during this period.
Figure: Market Period
The equilibrium price will be found out according to the modifications in demand, provided the fixed supply. The figure shown above describes the equilibrium price in market period.
Since the supply is fixed in market period, it is illustrated as a vertical line SMP. It is also termed as inelastic supply curve. Whenever demand rises from DD to D1D1, price rises from P to P1. Likewise, a fall in demand from DD to D2 D2 pulls the price drop from P to P2. The market for perishables can be a good example. The demand for plantain fruits rises during the festival season; therefore the prices will naturally go up as the supply can’t be raised instantly to meet the demand. Therefore, demand determines the equilibrium price in the market period.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Equilibrium Price help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Equilibrium Price, project ideas and tutorials. We provide email based Equilibrium Price help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Equilibrium Price. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Equilibrium Price. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com reserve money assignment help-homework help by online money tutors
Transport and Transpiration in Plants Transport and Transpiration in Plants Materials for Transportation, Mechanism of transportation in plants, Absorption of Water by Roots, Translocation and Transpiration.
There appears to be a compelling logic for consolidating the results of subsidiaries controlled through a parent company, to imitate the fact that the shareholders of the parent company efficiently control all of the assets of all of the companies in the group.
tutorsglobe.com conditions of price discrimination assignment help-homework help by online price discrimination tutors
Chemical Reactions of Amino Acids tutorial all along with the key concepts of Reactions of a-Carboxyl Group, Reactions of a-amino Group, Reactions of Specific Functional Groups of Side Chain
The income statement, such as the statement of financial position, has been around for a long time. Most main businesses seem to get ready an income statement on a regular basis (monthly or even more often).
tutorsglobe.com citrus canker assignment help-homework help by online crop diseases and their control tutors
tutorsglobe.com shigella assignment help-homework help by online medical bacteriology tutors
www.tutorsglobe.com offers Pre Processor homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
difference between pal and ntsc - channel bandwidth, video bandwidth, video if, sound if, horizontal frequency, frame frequency
www.tutorsglobe.com offers colloid homework help, colloid assignment help, online tutoring assistance, physical chemistry solutions by online qualified tutor's help.
tutorsglobe.com types of networks assignment help-homework help by online computer networks tutors
tutorsglobe.com parts of a flowering plant assignment help-homework help by online root-stem and leaf tutors
defining perfect competition and its characteristics, www.tutorsglobe.com offers perfect competition assignment help - homework help by live economics tutors.
tutorsglobe.com ms-sql assignment help-homework help by online computer programming tutors
1962840
Questions Asked
3689
Tutors
1483742
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!