Define excess demand
Excess demand: If AD > AS at the full employment level. Then it is termed as Excess demand.
The difference among pure competition and monopolistic competition is which: (w) monopolistic competitors generate more profit in the long run. (x) monopolistic competitors always ignore short term losses. (y) long run entry and exit is probable in pu
is the price in the "law of demand" a relative price or an absolute price
The purely competitive industry’s demand for the labor is: (i) Less elastic than the horizontal summation of individual firm’s demands. (ii) Perfectly elastic. (iii) Upward sloping as of the diminishing marginal returns to labor. (iv) Equi
Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B 3) C 4) D Q : Problem on Supply Prices Can someone Can someone please help me in finding out the accurate answer from the following question. The relative monetary values organizations put on selling a bit more or less of a good are termed as: (i) Supply curves. (ii) Gain-maximizing prices. (3) Supply prices. (4) Pric
Can someone please help me in finding out the accurate answer from the following question. The relative monetary values organizations put on selling a bit more or less of a good are termed as: (i) Supply curves. (ii) Gain-maximizing prices. (3) Supply prices. (4) Pric
In a perfectly competitive market, market demand curve is provided by Qd = 200 − 5Pd, and the market supply curve is provided by Qd = 35Ps. a) Determine the equilibrium market price
Differentiate between project feasibility study and project proposal?
One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci
A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost. Q : Lowest possibility for price elasticity The price elasticity of demand would possibly be lowest for: (1) Dasani. (2) Deer Park. (3) Aquafina. (4) bottled water. (5) Perrier. Can anybody suggest me the proper explanation for given problem regarding
The price elasticity of demand would possibly be lowest for: (1) Dasani. (2) Deer Park. (3) Aquafina. (4) bottled water. (5) Perrier. Can anybody suggest me the proper explanation for given problem regarding
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