Excess supply for commodity
When do we state that there is an excess supply for the commodity in market? Answer: If at a given price the quantity supplied of a product surpasses its quantity demanded, there is a surplus supply for the product.
When do we state that there is an excess supply for the commodity in market?
Answer: If at a given price the quantity supplied of a product surpasses its quantity demanded, there is a surplus supply for the product.
Hello, I did attach case study on Microeconomics. Regards,
Whenever the equilibrium in the figure shown move from point a to point b, raised supply has taken only in the market illustrated in: (i) Panel A. (ii) Panel B. (iii) Panel C. (iv) Panel D. Q : Public Goods and Service Why does a Why does a good or service become a public good or service?
Why does a good or service become a public good or service?
By product differentiation, firms try to increase the: (w) demands for their products, when reducing elasticities of demands. (x) supply elasticities of competing products. (y) price elasticity of the demand for their products. (z) marginal costs of t
Table describe the average retail price of milk and the Consumer Price Index during 1980 to 1998. Determine percentage change in the real price (1980 dollars) from 1990 to 1995?
When a supply curve is positively sloped, a raise in demand will increase the equilibrium price as well as: (w) raise the quantity supplied. (x) raise supply. (y) decrease the quantity supplied. (z) decrease supply.
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
Within purely competitive industries: (w) short-run market supply curves are positively sloped. (x) long-run market supply curves are positively sloped. (y) short-run supply is more elastic than long-run supply. (z) economic profit exceeds accounting
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
Assume that you purchased a ton of gold in Belgium for $450 per ounce and instantly sold all of it in Chile for $480 per ounce. Economists label your movement as: (i) Arbitrage. (ii) Scalping. (iii) Screening. (iv) Speculation. (v) Signaling. Discover Q & A Leading Solution Library Avail More Than 1461365 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1930290 Asked 3,689 Active Tutors 1461365 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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