--%>
Assignment Help - homework help

Excess of good in market problem

The excess of papayas would appear when: (1) seller’s supply prices increase to P1. (2) Govt. set a price ceiling of P1. (3) Growers predicted prices to soar. (4) Hurricane destroyed all Central American papaya plantations. (5) Government obliged a price floor of P2.

2082_10.jpg

Please someone suggest me the right answer.

   Related Questions in Microeconomics

  • Q : Trade Restrictions of import and export

    Quotas that restricted U.S. imports of foreign steel between 2001 and 2004 because of the: (w) prices paid by U.S. car buyers to rise. (x) price of gasoline to rise sharply. (y) profits of U.S. steelmakers to drop. (z) quantities of European imports t

    		•
  • Q : Substitution and elasticity of good The

    The price elasticity of demand is probable to be greater the: (1) more extensively the good is seems as a need. (2) better the obtainable alternatives for producers. (3) higher the opportunity costs of production. (4) larger the number of utilizes for

    		•
  • Q : Where is demand perfectly price

    For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above.

    Q : Demand for Labor-Market Power Can

    Can someone please help me in finding out the accurate answer from the following question. The monopolist in product market will hire a labor to a point where the: (i) Marginal revenue product of the labor equivalent its marginal factor cost. (ii) The value of margina

    		•
  • Q : Natural barriers to entry A monopoly

    A monopoly may emerge naturally while: (w) increasing costs happen quickly relative to market demand. (x) at low levels of output, disutilities of scale are encountered. (y) economies of scale are substantial relative to market demand. (z) variable co

    		•
  • Q : Pure economic profit on rate of return

    Owners of corporate stock obtain pure economic profit only to the extent which the rates of return realized by owning the stock exceed the: (1) interest rate that would have been produced by other investments entailin

    		•
  • Q : Typical pure competitor firm in industry

    When this firm is a typical pure competitor within this industry as in demonstrated figure, then the firm is: (i) making normal accounting profit. (ii) making zero economic profit. (iii) breaking even. (iv) into an industry within long run equilibrium

    		•
  • Q : Profit-maximizing level of output When

    When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

    		•
  • Q : Production possibilities curves Give me

    Give me answer of this question. The production possibilities curves following suggest that: A) West Mudville should specialize in, and export, baseball bats. B) West Mudville should specialize in, and export, both baseballs and baseball bats. C) East Mudville should

    		•
  • Q : Dynamic Tit-for-Tat Carlos and Ivana

    Carlos and Ivana are friends and roommates. They eat together despite who cooks. But this cooking game is repeated mostly every evening, across time the probable result would be which: (1) neither Carlos nor Ivana cook, nor do they eat. (2) Carlos alone cooks for both

    		•