All possible prices exceeding in equilibrium for buyers

+44 141 628 6080
[email protected]

Participants in this market would experience a surplus in this market for teleporter buttons: (1) at all possible price per button exceeding P₂. (2) equal to distance cd when the price per button equals P₁. (3) when this market was primarily in equilibrium, and in that case the government imposed a tax equal to P₂-P₁ on teleporter button production. (4) at every price where demand exceeds the supply of teleporter buttons (1) eliminating the shortage Q₁-Q₃ existing at P₃. (5) when teleporter button manufacturers began exporting the buttons to China.

48_Equilibrium for Buyers.png

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Question 2 Explain the concept of a

Explain the concept of a concentration ration. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitve industry? Explain the answer

Q : Long run supply Illustrate and explain

Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.

Q : Examples of Human Capital I have a

I have a problem in economics on Examples of Human Capital. Please help me in the following question. On-the-job training, the college education and leadership skills are all illustrations of (1) Financial capital. (2) Human capital. (3) Economic capi

Q : Relation of transaction costs with

Transaction costs are costs mainly related with the: (w) transportation and gathering information about goods or resources. (x) direct production costs for goods. (y) inputs quite than outputs. (z) supply prices rather than demand prices.

Q : Competitive Profit Maximization-average

The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve

Q : Find supply when slope of supply curve

When the slope of a supply curve which goes through the basis equals one, supply is: (w) price elastic. (x) price inelastic. (y) unitarily price elastic. (z) indeterminate like to elasticity without more information.

Q : Labor History-Yellow Dog Contracts The

The Yellow dog contracts are now outlawed, however in the early 20th century such agreements among employers: (1) Not to purchase intermediate goods generated by unionized labor hindered labor market re-forms. (2) And workers specifying that the workers would not conn

Q : Numerical question regarding demand At

At $1.50 per gallon, Alana purchases 50 gallons of gasoline weekly, Bart purchases 20 gallons weekly, and Caitlin purchases 20 gallons weekly. One point on their joint demand curve for gasoline would be Q =: (1) 90 gallons per week, P = $1.50. (2) 90 gallons per week,

Q : Reason of Financial Intermediation The

The fundamental reason for financial intermediary’s presence is to: (1) Facilitate beginning new business firms by employing internal financing. (2) Help business organizations comply with laws needing the financial intermediation. (3) Minimize

Q : Absolute Poverty of Income A family

A family whose income leaves this hovering at the brink of survival and that gives only a razor’s edge existence is experiencing: (w) relative poverty. (x) economic shock. (y) financial destitution. (z) absolute poverty.

Discover Q & A

Leading Solution Library

Avail More Than 1432399 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928364
Asked

3,689

Active Tutors

1432399

Questions
Answered

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

Submit Assignment