--%>
Assignment Help - homework help

Illustrate other than price many factors

Illustrate other than price many factors determine the outcome?

E

Expert

Verified

Other than price many factors determine the outcomes are:

1. Equilibrium price will remain the same if either the buyers or the sellers have changed.

2. Most important distinction to make is to determine if a change has occurred because of something that has affected the buyers or something that is influencing the sellers.

3. A change in any of the determinants of demand will shift the demand curve and cause a change in quantity supplied.

4. A change in any of the determinants of supply will shift the supply curve and cause a change in the quantity demanded.

   Related Questions in Business Economics

  • Q : Managerial Economics Managerial

    Managerial Economics Meaning and definition Managerial economics general refer to the integration of economy th

    		•
  • Q : Determine opportunity cost of making an

    The opportunity cost of making an exact alternative is: (i) useful primarily as an indicator of relative prices. (ii) its nominal costs into terms of all other goods. (iii) the information which guides your decision. (iv) measured through the subjecti

    		•
  • Q : Writ short note on the Income of

    Writ short note on the Income of personal distribution?

    		•
  • Q : Reduce price differences by arbitrage

    When government intervention is not present, than arbitrage: (w) will reduce price differences when similar good sells at various prices within separate markets. (x) results into economic losses for traders. (y) causes high economic profits for mercha

    		•
  • Q : Elucidate the ways to finance corporate

    Elucidate the ways to finance corporate activity?

    		•
  • Q : Growth is a significant economic goal.

    Growth is a significant economic goal. Explain?

    		•
  • Q : Illustrates inverse relationship

    Illustrates the inverse relationship between price and quantity?

    		•
  • Q : Wealth of Nations - pioneering survey

    The Wealth of Nations that a pioneering survey of economic treated was published within: (1) 1849 year, and written by Karl Marx. (2) 1936 year, and written by John Maynard Keynes. (3) 1776 year, and written by Adam Smith. (4) 141 BC,

    		•
  • Q : Firm costs and revenues Question:  You

    Question:  You are given the following data about two firms: FIRM A Quantity 0

    • Q : Why is speculation unlike arbitrage

    Speculation is unlike arbitrage since: (1) speculative buyers always break even. (2) speculation causes increased costs. (3) speculators bear no risk. (4) positive returns for speculators are not sure. (5) competitive speculation equa