--%>
Assignment Help - homework help

Demand prices exceeds supply prices

When only Q0 papayas reached the market in that case: (1) desperate buyers would be willing to pay only P1 per papaya. (2) production costs would exceed P2 per papaya. (3) buyers would be indifferent regarding getting additional papaya. (4) the papaya surplus would generate widespread famine. (5) demand prices for papayas would exceed supply prices.

1827_example of Price Floors.png

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

   Related Questions in Microeconomics

  • Q : Separable utility function One of my

    One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?

    		•
  • Q : Charting of past prices Can the

    Can the charting of past prices be used to predict future prices?

    		•
  • Q : Problem on spending shares of national

    The view which big corporations unfailingly capture much stable shares of spending out of national income is: (i) Accepted by almost all the economists. (ii) Contrary to the confirmation of turnover among big over the decades. (iii) The symptom of strong competition.

    		•
  • Q : Complements for good Can someone help

    Can someone help me in finding out the right answer from the given options. Price hikes outcome less substitution away from a good the more: (i) Close substitutes there are for good. (ii) Various uses there are to which the good was place at lower price. (iii) Extende

    		•
  • Q : Problem on utility-maximizing bundle

    Jane consumes only apples and chocolate.  She is always willing to trade 1piece of chocolate for exactly 3 apples. Her income is $200.  She can buy apples for $1 each and chocolate for $2 per piece.a. To Jane, apples and chocolate are (circle 1):

    		•
  • Q : Function of money in economy State the

    State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.

    		•
  • Q : Canada’s top three trading partners

    Name the Canada’s top three trading partners?

    		•
  • Q : Find average income by relatively

    When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur

    		•
  • Q : Money as a yardstick of standard measure

    Normal 0

  • Q : Price elasticity when total revenue

    Total revenue grows while the price of a good is cut when the price elasticity of: (w) demand exceeds the price elasticity of supply. (x) substitute goods is less than one. (y) supply is into a relatively elastic range. (z) demand is

    		•