Definition of equilibrium price
Definition of equilibrium price: It is the price which balances quantity demanded and quantity supplied. The equilibrium price is frequently termed as the "market-clearing" price since both buyers and sellers are pleased at this price.
Definition of equilibrium price: It is the price which balances quantity demanded and quantity supplied.
The equilibrium price is frequently termed as the "market-clearing" price since both buyers and sellers are pleased at this price.
What is Supply schedule and how it is related to supply curve?
A flat rate income tax for all levels of income along with no exceptions would be taken as a: (i) proportional tax. (ii) progressive tax. (iii) regressive tax. (iv) common tax. Can anybody suggest me the proper exp
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Economic growth is generally defined as a sustained increase in per capital national output over a long period of time. It implies that for economic growth of a nation, the rate of increase in its total output must be greater than the rate of population growth. It ma
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
The basic determinant of the transactions demand for money is the
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
When doubling your viewing of soap operas to 16 hrs per week reasons your IQ score to drop/fall from a mastermind level of 140 to a sluggish 70, your TV elasticity of brain power will be: (i) + 1.0. (ii) zero. (iii) – 1.0. (d) +0.5. (e) -0.5.
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
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