Market adjustments due to raised globalization

Assume that in the short run, raised globalization has caused the U.S. furniture market to attain a temporary equilibrium at point e upon S₀D₀, although most U.S. furniture manufacturers are experiencing economic losses. When the American furniture industry adjusted, that market would move in the direction of a new equilibrium at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point f.

245_Market shifting in equilibrium.png

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Positively slope of short-run market

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

Q : Fundamental Normative Economics The

The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so

Q : Efficiency Wages problem The employees

The employees at times pose principal-agent problems for the firm’s owners in the deficiency of constant monitoring. Such problems are most probable to be lessened when a firm adopts the policy of: (1) dynamically opposing the attempts to unionize. (2) Paying em

Q : Relationship between MPS and multiplier

Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.

Q : Price taker in the context of a firm

What is meant by the word price taker in the context of a firm? Answer: It means that firm does not contain any control over the price and it has to pursue that pri

Q : Substitution of goods for buyers Can

Can someone help me in finding out the right answer from the given options. The market demand curves slope downward as: (i) Supply curves are positively sloped. (ii) Each and every buyer has similar preferences and incomes. (iii) Buyers replace towards goods as their

Q : Oligopolistic markets in equilibrium

Oligopolistic markets in equilibrium are described by: (w) a large number of sellers of homogeneous output. (x) monopolistic sellers dealing along with only some buyers. (y) a small number of sellers of close substitutes. (z) socially optimal amounts

Q : Problem on Horizontal Mergers Can

Can someone please help me in finding out the accurate answer from the following question. Which of the given below is not an illustration of horizontal integration? (1) Prudential Insurance gets Metropolitan Life Insurance. (2) Daimler-Benz absorbs Chrysler. (3) McDo

Q : Problem on harvesting-Production Can

Can someone help me in finding out the right answer from the given options. The speculator who purchases wheat at harvest time throughout the late falls or early on winter, contracts for its storage, and then vends the wheat afterward in the winter, spring or in summe

Q : Characteristics of oligopoly in market

An oligopoly is a form of market structure described by: (w) its large number of sellers. (x) firms' capability to easily enter and exit the industry. (y) conscious interdependence. (z) price taker behavior.

Discover Q & A

Leading Solution Library

Avail More Than 1449754 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938658
Asked

3,689

Active Tutors

1449754

Questions
Answered

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

Submit Assignment