Market shifting in equilibrium

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 of: (1) point i. (2) point h. (3) point a. (4) point d. (5) point f.

1001_Market shifting in equilibrium.png

How can I solve my economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Shut down point in the short run A

A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost.

Q : Predictable Flows of Income Vigorous

Vigorous competition for predictable flows of income recommends that federal agricultural subsidies will tend to be rapidly: (1) spent because most farmers lack sufficient budgeting skills. (2) capitalized within higher prices for farm land. (3) slash

Q : Increment in quantity demanded by price

A demand curve has a slope which would be expressed as like $5/ (1 extra ton demanded) when a: (w) 5 % price cut raises quantity demanded by 1 %. (x) $5 price cut increases quantity demanded by 2000 lbs. (y) $5 price hike boosts quantity supplied by 2

Q : Corollary of the law of equal marginal

The corollary of the law of equal marginal benefit is the principle of: (1) Equal marginal utilities per dollar. (2) Diminishing marginal utility. (3) Income injection. (4) Substitution in demand. (5) Diminishing returns. Can someo

Q : Financial Intermediation Financial

Financial intermediation occurs while financial institutions: (w) incur substantial outflows of funds. (x) channel flows from the ultimate lenders to the ultimate borrowers. (y) face rigid reserve requirement ratios. (z) experience "runs" when deposit

Q : Concentration ratio Explain the concept

Explain the concept of a concentration ratio. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry

Q : Monopolistically competition in long

When a monopolistically competitive firm is in long-run equilibrium, in that case this is unlikely for: (w) MR = MC. (x) P to be greater than MC. (y) P to be greater than the minimum of the long run average cost curve. (z) accounting

Q : Economics expectations of price hike

expectations of price hike for durable goods tend to:

Q : Economic losses driven down to zero

Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z

Q : Rate of return on financial investment

When you can buy a bond today for $1,000 and this will mature at $1,210 two years from currently, the rate of return on this financial investment is: (1) 10%. (2) 10.5%. (3) 11%. (4) 12%. (5) 21%.

Discover Q & A

Leading Solution Library

Avail More Than 1430273 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947127
Asked

3,689

Active Tutors

1430273

Questions
Answered

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

Submit Assignment