--%>
Assignment Help - homework help

Excess supply at the minimum price

Programs which guarantee farmers minimum prices which exceed equilibrium prices will yield: (w) cheaper food for consumers. (x) excess demand in food markets. (y) excess supply at the minimum price. (z) higher equilibrium prices.

Can someone explain/help me with best solution about problem of economic...

   Related Questions in Microeconomics

  • Q : Determine price elasticity when demand

    When the quantity of scuba lessons demanded through tourists in Hawaii increases from 800 to 1,000 weekly while the price falls from $60 to $40 per session, in that case the price elasticity of tourist demands for scuba lessons is: (1

    		•
  • Q : Competition and Labor Markets Can

    Can someone please help me in finding out the accurate answer from the following question. With similar market demand for its product and similar market labor supply curve, employment will be maximum when the firm is: (1) Pure comp

    		•
  • Q : Goods of negative income elasticity of

    When the income elasticity of market demand is negative, in that case most consumers view the good as: (w) a luxury good. (x) having several imperfect substitutes. (y) an inferior good. (z) a normal good. Hey frien

    		•
  • Q : Most efficient technology at the lowest

    When all goods are produced in highly competitive markets as well as there are no externalities, goods tend to be manufactured: (i) relatively inefficiently. (ii) along with the most efficient technology at the lowest price. (iii) along with maximum p

    		•
  • Q : Illustration of Substitution Effect

    Sally is very rich that money hardly matters to her, although when the price of JIF chunky peanut butter doubled Sally switched to Peter Pan chunky peanut butter. This alters is an example of the: (1) Income effect. (2) Payback effect. (3) Substitution effect. (4) Pri

    		•
  • Q : Private demands and supplies to assign

    Reliance on private demands and supplies to assign goods and resources is least certain to outcome an economically ineffective solution just because: (i) Producers encompass monopoly power. (ii) A good is non-rival and non-exclusive. (iii) Consumption

    		•
  • Q : Official unemployement Provide the

    Provide the solution of this question. To be officially unemployed a person must: A) be in the labor force. B) be 21 years of age or older. C) have just lost a job. D) be waiting to be called back from a layoff.

    		•
  • Q : Effective price discrimination

    Effective price discrimination does NOT need a firm to: (w) segment the market into groups along with various demand elasticities.  (x) be a monopoly. (y) prevent trading among customers who are charged different prices. (z) possess some market p

    		•
  • Q : Exploitation and the wage rate problem

    Assume a neither firm possessesing both the monopsony power as an employer and market power in its output market, however which can neither wage discriminate nor the price discriminate. In equilibrium, in its labor market for the workers, the following variables the m

    		•
  • Q : Market shifting in equilibrium When

    When market begins in equilibrium at point e upon S0D0 and in that case young American families increasingly "inherit" furniture like their baby-boomer parents move within smaller retirement homes, that market will tend to shift in the direction

    		•