--%>

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 : Determine the monetary prices while

    Dividing monetary prices from each other yields: (v) nominal prices. (w) relative prices. (x) subjective prices. (y) absolute prices. (z) transaction prices. Hello guys I want your advice. Please recommend some vie

  • Q : Surpluses in the balance of trade The

    The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.

  • Q : Characteristic of an oligopolistic

    Which of the given is a quality of an oligopolistic market structure? w) There are only some dominant sellers. x) every firm sells a unique product. y) this is easy for new firms to enter the industry. z) Each firm require not react to the actions of

  • Q : Market efficiency while transaction

    Transaction costs tend to be decreased and markets are more efficient when: (w) the government subsidizes a good. (x) inter-market price differentials are eliminated through arbitrage. (y) taxes are used to give for social wants. (z) regulations close

  • Q : Distinction between Component cost and

    Describe briefly Distinction between the term Component cost and Composite cost?

  • Q : Roundabout production Describe the

    Describe the merits of “roundabout” production?  Describe the term “division of labor”?

  • Q : Determine the productively efficiency

    To be productively efficient, a country should: (w) maximize the satisfaction attainable from its budget. (x) be concerned only with macroeconomic analysis. (y) concentrate on removing scarcity. (z) maximize the value of output produced through specif

  • Q : Invisible hand Describe the meaning of

    Describe the meaning of the term “invisible hand.”

  • Q : Describe High operating leverage

    Briefly describe High operating leverage?

  • Q : Illustrate the changes in Demand

    Illustrate the changes in Demand, Supply and Equilibrium?