--%>

Curing scarcities of good

Curing scarcities in the market for ice cream needs: (i) Rises in the price of ice cream. (ii) Reduces in the supply of ice cream. (iii) Rises in the demand for ice cream. (iv) Reduction in the price of ice cream. (v) Burden of a price floor.

Please someone suggest me the right answer.

   Related Questions in Microeconomics

  • Q : Income Effects-Inferior Goods I have a

    I have a problem in economics on Income Effects-Inferior Goods. Please help me in the following question. When monetary prices drop and the quantity of a good your family purchases reduces as the purchasing power of your family income has risen, the good is a/an: (1)

  • Q : Definition of Entrepreneurs I have a

    I have a problem in economics on Definition of Entrepreneurs. Please help me in the following question. Entrepreneurs are most excellently explained as the people who: (i) Market a product cheaper and faster. (ii) Open their own business. (iii) Rely on the commissions

  • Q : Buyer beware-Laws and Regulations I

    I have a problem in economics on Buyer beware-Laws and Regulations. Please help me in the following question. Caveat emptor signifies: (i) Let the sellers beware. (ii) Sellers are the most excellent judges of the quality of their goods. (iii) Charge w

  • Q : Determine present value of future income

    The present value of future income is: (1) calculated by multiplying future income by the percentage interest rate. (2) higher, the higher the interest rate. (3) lower, the higher the interest rate. (4) unaffected by the interest rate. (5) purely obje

  • Q : Elucidate GNI per capita Elucidate GNI

    Elucidate GNI per capita?

  • Q : Explain about federal income tax Can

    Can somebody help me to solve this query.. The federal income tax, wherein the rate rises as income increases, is taken as: (w) a progressive tax. (x) a regressive tax. (y) skewed towards the poor. (z) unfair to th

  • Q : Market adjustments through a scarce good

    Within below figure there is market for papayas: (1) a shortage exists at P2. (2) papayas are a free good at P0. (3) papayas are currently a scarce good. (4) consumer's demand prices equivalent P2 at quantity Q2. (5) the equ

  • Q : Negative marginal revenue Monopolies

    Monopolies will not function in the inelastic portion of the demand curves they face since: (w) marginal revenue is negative. (x) total revenues are negative. (y) total revenue falls as less is produced. (z) marginal revenue is always greater than mar

  • Q : Problem on buyers and sellers

    The supply and demand are affected by the time in sense that the longer the time interval considered, the: (1) Less sensitive sellers and buyers are to price changes. (2) Much sensitive sellers and buyers are to price changes. (3) Bigger is supply and

  • Q : Calculating economic profit Assume that

    Assume that you earn an annual salary of $25,000. You too have $10,000 in savings which earns $1,000 per year in interest. Now assume that you quit this job to open your own business and spend all your savings in the latest business. In the primary year, you take in r