--%>

Problem on equilibrium price

Refer to the following data. Equilibrium price will be:  A) $4. B) $3. C) $2. D) $1.

1520_98.png

Give the answer of above questaion

   Related Questions in Microeconomics

  • Q : Competitive Prices for selling This

    This purely-competitive producer’s generic bricks presently sell for: (i) $60 per thousand. (ii) $70 per thousand. (iii) $80 per thousand. (iv) $90 per thousand. (v) $100 per thousand.

    Q : Price elasticity of demand and

    When the price elasticity of demand for Japanese cars is higher within Europe than into the U.S. and transportation costs are very similar, relative to the price charged in Europe, there the price a discriminating Japanese carmaker wo

  • Q : On which point demand appears to be

    On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve.

    Q : Yellow Dog Contracts-non-union

    The worker who signed a yellow dog contract in the year 1920s agreed: (i) To support the union’s feather-bedding efforts. (ii) Not to work with the ‘scab’ non-union strike-breakers. (iii) To pay the union dues as protection from the violent union org

  • Q : Question related to Gross domestic

    Proprietors' income $ 20, Compensation of employees 300, Consumption of fixed capital 15, Gross investment 80, Rents 10, Interest 20 ,Exports 30, Imports 50, Corporate profits 25, Taxes on production and imports 5 ,Net foreign factor income 0 ,Statistical discrepancy

  • Q : Limited liability of the owners I have

    I have a problem in economics on Limited liability of the owners. Please help me in the following question. The limited liability of the owners is one of the main benefits of: (i) Partnerships. (ii) Corporations. (iii) Wandering confidence schemers. (iv) Sole propriet

  • Q : Loss in social welfare with quantity

    When pharmaceutical manufacturers conspire to generate only Q1 penicillin, in that case the: (i) purely-competitive firms which produced penicillin would experience economic losses. (ii) resulting excessive antibiotic treatments would produce strains of dru

  • Q : Rent controls fix rent in equilibrium

    Rent controls which fix rents below equilibrium will NOT: (w) maintain monetary rents down. (x) create shortages of rental housing. (y) stimulate non-market allocations of rental housing. (z) maintain the opportunity costs of housing down.

  • Q : Monopolist maximizes the profit in

    When a monopolist maximizes profit in the product market, then it will: (i) Hire the labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage

  • Q : Income Distribution by Marginal

    As per the marginal productivity theory of income distribution, within a system of market capitalism, in that case income is distributed primarily in accord along with: (1) resource productivity and ownership. (2) how