Equilibrium of a market
How can Equilibrium of a market be exist?
Expert
Equilibrium of a market:
It is the point at which the quantity demanded is equivalent to the quantity supplied. When the price is above the equilibrium price, sellers desire to sell more than buyers desire to purchase, therefore there is a surplus. Sellers try to raise their sales by cutting the prices. That carries on till they reach equilibrium price. When the price is beneath the equilibrium price, buyers wish for to purchase more than sellers want to sell, therefore there is a scarcity. Sellers can increase their price devoid of losing customers. That carries on till they reach equilibrium price.
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o
What are the causes of the fiscal deficits experienced by many developed nations in the past three years and what are the main effects of the resulting government borrowing? For example – Greece/Ireland/Portugal/Spain situation and the large def
Hello guys I want your advice. Please suggest your answer for following economics problems. Macroeconomic policy matters focus upon: (w) price determination within specific markets. (x) conduct and structure of mar
The most probable of the following to be a poorer good for most American families who purchase some of each of such products throughout a given year would be: (i) Plastic surgery. (ii) College textbooks. (iii) Films on DVD. (iv) Cup-a-Noodles soup. (v) Downloads for t
Illustrate, why is tax not a capital receipt?
An illustration of how marginal utility diminishes takes place when: (1) Derek finds it tough to laugh politely when he hears a “new” joke for the fourth time now. (2) Amy Sue chooses she would instead have 150 hogs than 151 on her pig far
Economic systems differ according to which two main characteristics?
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
18,76,764
1952951 Asked
3,689
Active Tutors
1457654
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!