Determine the equilibrium prises

When both sellers and potential buyers suppose prices for rider lawn mowers to raise as summer approaches, in that case throughout March and April (in the short run), the equilibrium: (w) price falls but quantity changes are ambiguous. (x) price rises but quantity changes are ambiguous. (y) quantity rises but price changes are ambiguous. (z) quantity falls but price changes are ambiguous.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : Law of Supply in quantity supplied The

The law of supply defines that higher prices cause rise in the: (i) Demand for good. (ii) Supply of the good. (iii) Quantity supplied. (iv) Gains of investors. Can someone please help me in finding out the accurate answer from the

Q : Economic profits with average total

A monopolist can produce economic profits while: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) at least some portion of the average total costs [ATC] curve lies below the d

Q : Charge price similar to marginal cost

When a profit-maximizing monopolist who does not price discriminate charges a price equal to its marginal cost, this will: (w) minimize average cost and generate zero economic profit. (x) minimize average cost and gen

Q : Labor Unions-Union membership I have a

I have a problem in economics on Labor Unions-Union membership. Please help me in the given question. Union membership is most widespread among: (1) Supervisors and managers. (2) White collar workers. (3) Pink collar clerical workers. (4) Young, upwar

Q : Illustrate normative statement In

In economics illustrate normative statement?

Q : Shut down by drastically raise price in

Mom and Pop Ping-Pong Balls is an established table tennis supply store within a small city. You are the owner of Ping-Pong Megastore as well and you have just opened up a location in their small city. When you set prices so low which Mom and Pop is forced to shut dow

Q : Price elasticity of demand-price falls

The quantity dinner salads demanded is 100 everyday while Café Les Gourmands charges a price of $1.80, although when price drops by $1, quantity demanded is one hundred fifty. The price elasticity of demand for dinner salads at such restaurant

Q : Monopolies in monopolistically

Unlike several monopolies, a monopolistically competitive firm in long-run equilibrium produces a level of output where is: (1) price equals marginal cost. (2) pricing is economically efficient. (3) marginal revenue most greatly exceeds marginal cost.

Q : Price elastic of supply between two

In between point c and d in this supply curve of 2×4s, the price elastic of supply as: (i) 1.0. (ii) 1.6. (iii) 2.2. (iv) 2.8. (v) 3.4.

Q : Determine monthly maximum possible

Maximum possible total revenue monthly from sales of RoboMaids is about: (i) $70 million. (ii) $100 million. (iii) $125 million. (iv) $170 million. (v) $230 million.

Discover Q & A

Leading Solution Library

Avail More Than 1418863 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936750
Asked

3,689

Active Tutors

1418863

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment