--%>
Assignment Help - homework help

Competitive equilibration processes

When a purely competitive industry is within long-run equilibrium and consumer demand then raises, the short-run industry quantity supplied and equilibrium price would tend to: (w) fall. (x) rise. (y) remain similar. (z) swing up and down.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Zero economic profits in long-run

    In long-run equilibrium, a monopolistically competitive firm is making: (a) economic profits. (b) zero economic profits. (c) negative economic profits. (d) revenues that exceed total costs. Can anybody suggest me t

    		•
  • Q : Relatively less elasticity of demand

    Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo

    		•
  • Q : Average productivity of labor When the

    When the capital-to-labor (K/L) ratio rises, the: (1) productivity of capital tends to increase. (2) profitability of capital investments will raise. (3) average wages paid to labor will probably decrease. (4) average productivity of labor generally i

    		•
  • Q : Market in terms of economists To

    To economists, the noun ‘market’ signifies to: (1) The geographic place where many products are sold. (2) Any institution which enables sellers and buyers to strike bargains. (3) The New York Stock Exchange. (4) Selling goods and resources or stocks and bo

    		•
  • Q : Emerging by price discrimination

    Oligopolies are least expected to emerge due to: (1) economies of scale. (2) price discrimination. (3) strategic barriers to entry. (4) mergers. (5) legal barriers to entry. Can anybody suggest me the proper explan

    		•
  • Q : Determining national income Suppose an

    Suppose an economy is in equilibrium condition. Its consumption function is C = 300 +0.8Y and investment is 700 find out its national income.

    		•
  • Q : Techniques of how to produce Techniques

    Techniques of how to produce?: Broadly, there are two main methods of production. (i) Labour intensive Technique: Under this method, production depends mostly on the

    		•
  • Q : What is the revenue of a firm Revenue

    Revenue of a firm: It is the sale or money receipts from the sale of product.

    		•
  • Q : Relationship between MC and ATC What

    What happens to ATC if MC < ATC? Answer: ATC will down or fall.

    		•
  • Q : Generates price-quantity consistent for

    All prospective demanders [buyers] would be within equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3<

    		•