--%>

Problem on Equilibrium condition

Reduction in the size of average American family is most probable to: (i) Erode rates of the technological advancement. (ii) Raise the demand for disposable diapers. (iii) Decrease women’s labor force participation rates. (iv) Increase the contribution of family income going for food. (v) Reduce demands for big, gas-guzzling SUVs.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : What is APS What is APS? APS = S/Y. It

    What is APS? APS = S/Y.It is the ratio of income to saving which is termed as APS.

  • Q : Medium of Exchange function of money

    Medium of Exchange function of money: Money as a medium of exchange signifies money as a means of the payment for exchange of services and goods. The Goods and services are exchanged for money whenever people sell things. Money is exchanged for goods

  • Q : Unitary price elasticity of demand The

    The output of RoboMaids consequent to the point where demand has unitary price elasticity is approximately: (i) 2,000 robots weekly. (ii) 4,000 robots monthly. (iii) 6,000 robots monthly. (iv) 10,000 robots monthly. (v) 13,000 robots monthly.

  • Q : What is Complements Complements : The

    Complements: The two goods for which a rise in the price of one good leads to a reduction in the demand for other.

  • Q : Profit Maximization-Labor Markets

    When after hiring the very last worker, the organization’s profit is similar as it was prior to the last worker was hired, the firm must: (1) Hire more workers to raise the profit. (2) Layoff several workers to raise gain. (3) Not hire any more workers. (4) Shut

  • Q : Long-run economic losses in a

    Expectations of long-run economic losses within a competitive industry as: (1) inevitably follow “cut throat” pricing policies. (2) cause firms to leave the industry. (3) increase each firm’s long-run fixed costs. (4) create pressure

  • Q : Quantity supply according to Law of

    Can someone please help me in finding out the accurate answer from the following question. The law of supply defines that at: (1) Higher prices greater quantities will be supplied. (2) Lower prices greater quantities will be supplied. (3) Lower prices supply shifts to

  • Q : Production cost according to

    The global wide demand for bicycles would be least probable to be influenced if: (1) Rises in incomes in less developed countries permitted a lot of people to purchase automobiles. (2) Couch-potatoes start heeding their doctor’s suggestion to ex

  • Q : What makes goods or resources valuable

    Can someone help me in finding out the precise answer from the given options. Modifying the goods or resources in manners that make them more valuable is: (1) Production. (2) Profitability. (3) Consumption. (4) Distribution.

  • Q : Income-Satisfaction boundaries Demand

    The maximum amounts of a good that people are willing and capable to buy at different market prices during a specific period are depicted by: (1) Horizontal summations. (2) Income or satisfaction boundaries. (3) Demand curves. (4) Consumption possibilities frontiers.<