Problem on equilibrium market price

I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Experts state that the market is in balance. (4) All quantities increase proportionally.

What is the accurate answer.

View Complete Question

Related Questions in Microeconomics

Q : Define bank rate Bank rate : This is

Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.

Q : Federal agricultural subsidies Federal

Federal agricultural subsidies tend to be rapidly: (w) spent because most farmers lack sufficient budgeting skills. (x) capitalized in higher prices for farm land. (y) slashed while pressure mounts to cut the federal deficit. (z) absorbed from rising

Q : Demand when price of good or resource

When the price of a good or resource drops, the demands for: (i) That good or resource raise. (ii) Complementary goods or resources reduce. (iii) Substitute goods or resources reduce. (iv) Luxury goods and inferior resources drop.

Q : Stronger Incentives for Productive

Compared to the requirement and equity standards, the contribution standard of income distribution refers to: (1) generate the weakest incentives for production. (2) best provide for people in poverty. (3) be most compatible along wit

Q : Illustration of Rational Ignorance I

I have a problem in economics on Illustration of Rational Ignorance. Please help me in the following question. Supposing that the meat you purchase from a grocery store is good devoid of inspecting its quality yourself with the microscope is an illustration of: (1) Be

Q : Synonym of Word Inequity Of the given,

Of the given, the closest synonym for the word inequity is: (w) inequality. (x) disproportional. (y) unfairness. (z) regressivity. Can someone explain/help me with best solution about problem of Economics

Q : Site value of a piece of land The site

The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you

Q : Monopolistic exploitation of workers

When a firm hires workers to a point where VMP > MRP = MFC = W then: (1) There is a bilateral monopoly condition. (2) Wage discrimination is being exercised. (3) There is monopolistic exploitation of the workers. (4) The firm consists of monopsony power.

Q : Means of monopolistic competition

Select the right answer of the question. Monopolistic competition means: 1) a market situation where competition is based entirely on product differentiation and advertising. 2) a large number of firms producing a standardized or homogeneous product. 3) many firms pro

Q : Infinite price elasticity of supply The

The price elasticity of supply in given grph is infinite therefore supply is perfectly price elastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1430359 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925900
Asked

3,689

Active Tutors

1430359

Questions
Answered

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

Submit Assignment