What is Equilibrium
What do you mean by the term Equilibrium? Also state its proper definition.
Expert
Equilibrium:
A) It is the point where supply and demand curves intersect is termed as the market’s equilibrium.
B) Definition of equilibrium: It is a condition in which the price has reached the level where quantity supplied equivalents quantity demanded.
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
Please brief the knowledge what is long run supply?
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3. Q : FDI WHAT ARE THE STRENGTH AND WEAKNESS WHAT ARE THE STRENGTH AND WEAKNESS OF THE THEORY OF FOREIGN DIRECT INVESTMENT
WHAT ARE THE STRENGTH AND WEAKNESS OF THE THEORY OF FOREIGN DIRECT INVESTMENT
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
Economic systems differ according to which two main characteristics?
Describe whether the sale of old scooter is comprised in national income?
18,76,764
1948220 Asked
3,689
Active Tutors
1412341
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!