Problem on Equilibrium price
What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilibrium price stays unchanged however the equilibrium quantity increases.
What happens to equilibrium price if increase in demand is equivalent to increase in supply?
Answer: In case of equivalent increase in demand and supply the equilibrium price stays unchanged however the equilibrium quantity increases.
Can someone please help me in finding out the accurate answer from the following question. The word regular unionized employees apply to non-union workers who get jobs with firms whenever the unionized employees strike for maximum wages and enhanced working conditions
As comparing income and wealth: (w) differences in their distributions reflect economic discrimination precisely. (x) wealth is a flow variable, whereas income is a stock variable. (y) inheritance explains income differences more totally than wealth d
Describe properties of the production possibilities curve.
Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a
This firm’s maximum possible economic profit equals: (i) $12,000 per period. (ii) $16,000 per period. (iii) $20,000 per period. (iv) $24,000 per period. (v) $28,000 per period. Q : Problem on market demand for housing All as well equivalent, population growth would tend to rise the: (i) Demand for housing for each and every family. (ii) Supply of natural resources. (iii) Shares of family budgets spend on luxuries. (iv) Market demand for housing.
All as well equivalent, population growth would tend to rise the: (i) Demand for housing for each and every family. (ii) Supply of natural resources. (iii) Shares of family budgets spend on luxuries. (iv) Market demand for housing.
Can someone help me in finding out the precise answer from the given options. K-Mart Corporation operates the K-mart and Sears retail stores, gives financial services like insurance and the Discover card, and consists of a real estate division. Such characteristics re
Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market
Expansion of the industry in increasing cost industries causes: (w) increases in each firm’s costs at every level of output. (x) decreases in each firm’s costs at every level of output. (y) all firms to suffer long-run economic losses. (z)
Two thousand four hundred students subscribed to cable TV services while they enrolled like freshmen. 800 of them students dropped the service while the price of cable rose by $25 to $35 per month. The absolute value of the price elasticity of demand
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