Determinants of demand affect the price
For a particular product how do the determinants of demand affect the price?
Expert
As demand for a goods increases the price also increases accordingly. So any determinant of demand which has positive or negative effect on demand will have the same effect on the price.
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Different from Firm D, Firms A and B as well as C are all: (w) profitable firms that enjoys significant market power. (x) purely-competitive price-takers and quantity-adjusters. (y) pure monopolies. (z) perfectly inelastic suppliers. Q : Loss efficiency to society from When the equilibrium price of wheat is $50 per ton and the marginal cost of the last ton of wheat generated is $70, there is: (w) an efficiency loss to society from over-production. (x) an efficiency loss to society from underproducti
When the equilibrium price of wheat is $50 per ton and the marginal cost of the last ton of wheat generated is $70, there is: (w) an efficiency loss to society from over-production. (x) an efficiency loss to society from underproducti
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One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?
Discuss the impact of a monopoly on the welfare of the citizens of the country. In your discussion you should include policies that can be implemented by the government too reduce the abuse of dominant position in the market.
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