Market Form-price taker
In which market form, the firm is a price taker? Answer: In Perfect competition
In which market form, the firm is a price taker?
Answer: In Perfect competition
I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?
A firm can practice price discrimination when this: (i) confronts a perfectly elastic demand curve. (ii) is a pure quantity adjuster. (iii) has several monopoly power and is capable to separate its customers in various groups with different elasticiti
Far more than economists and sociologists tend to emphasize human needs for power, status, and class. Research which supports the perspective of sociologists comprises findings that: (1) people whose incomes are the average of per capita world income
Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go
Tell me what are the disadvantages of mixed economy system?
This market for peanuts will adjust to a new equilibrium at price: (1) P0 and quantity Q0. (2) P1 and quantity Q0. (3) P2 and quantity Q2. (4) P3 and quantity Q1.
The absolute value of price elasticity of demand is generally greater when there: (w) are fewer uses for the good. (x) is more time permitted for buyers to adjust. (y) are fewer substitutes for the good. (z) is a lower elasticity of s
Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equili
Why the coefficient of price elasticity of demand is is negative?
By looking the post tax and transfer distribution of income, all even constant, an increase into the progressivity of income taxes must: (w) shift the Lorenz curve outward. (x) shift the Lorenz curve upward. (y) not influence the Lore
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