Define excess demand
Excess demand: If AD > AS at the full employment level. Then it is termed as Excess demand.
Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion
Elucidate Production Possibility curve with the help of a diagram? Answer: The Production Possibility Curve refers to a curve that shows various production possibil
Select right answer for Unemployment: A) causes the production possibilities curve to shift outward. B) can exist at any point on a production possibilities curve. C) is illustrated by a point outside the production possibilities curve. D) is illustra
When a successful cartel which cannot price discriminate maximizes the joint profits of its members: (1) the marginal social benefits of additional output exceed the marginal social costs of output. (2) this is impossible for any consumer to gain with
Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.
Industries dominated by some large firms whose decisions are interdependent are: (1) oligopolies. (2) monopolies. (3) cartels. (4) monopsonies. Please choose the right answer from above...I want your suggestion for the same.
Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.
Select the right answer of the question. A competitive market will: A) achieve an equilibrium price. B) produce shortages. C) produce surpluses. D) create disorder.
I have a problem in economics on Problem on falling income causes increase in demand. Please help me in the following question. If falling income causes the demand for a good to rise, it is an: (1) Inferior good. (2) Costly biological necessity. (3) N
When for wheat the world price is $10 per bushel, and Del, who one owns the biggest wheat farm into North Dakota, will work at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point f. Discover Q & A Leading Solution Library Avail More Than 1451090 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959440 Asked 3,689 Active Tutors 1451090 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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