--%>

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 : Equilibrium of a commodity What takes

    What takes place to equilibrium of a commodity when there is a decrease in its demand and increase in its supply? Answer: The equilibrium price will reduce.

  • Q : Aggregate effective demand Why,

    Why, according to Keynes, is investment the key economic variable? Why does he think that the volatility of investment spending is likely to cause a problem of aggregate effective demand? Why does he think that this problem can only be solved by government interventio

  • Q : Dilemma model of prisoner When the

    When the Kroger grocery chain raises the price of Starbuck’s Frappuccino, in that case Safeway will remain its price the same. Although, if Kroger drops the price of Frappuccino, then Safeway will match the price cut. This kind of behavior conforms to the: (1) s

  • Q : Negative income tax programs Negative

    Negative income tax programs attack poverty through: (w) levying heavy taxes on the poor to encourage them to work more. (x) providing transfers in kind to low income households. (y) providing cash subsidies to guarantee a minimum income to low income

  • Q : Competitive Profit Maximization-average

    The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve

  • Q : Estimate the slope for price and

    When the price reduces and quantity demanded increases along such demand curve for pizza, in that case the slope: (w) is constant and elasticity falls. (x) and elasticity are constant. (y) increases and elasticity is constant. (z) and elasticity increase.

  • Q : Economists conceive of any resource

    Economists can’t conceive of any resource or product for which the: (i) Price elasticity of demand is zero (0) and the demand curve is vertical. (ii) Price elasticity of supply is zero (0) and supply curve is vertical. (iii) Income elasticity of

  • Q : Incentives given by higher interest rate

    Higher interest rates give incentives for: (w) a corporation to build a new plant. (x) a family to save more. (y) a family to buy a new house. (z) automakers to produce more new cars. Please choose the right answer

  • Q : Problem on marginal returns Select the

    Select the right ans wer of the question. Refer to the following data. Diminishing marginal returns become evident with the addition of the: A) sixth worker B) fourth worker. C) third worker. D) second worker.

    Q : Problem on financial Intermediation The

    The main reason for the existence of financial intermediaries is as: (1) Direct flows of savings from the individuals to firms would necessitate higher transaction costs. (2) That just wealthy individuals can afford to invest in the stocks and bonds. (3) The habits of