--%>
Assignment Help - homework help

Problem on surplus inventories

When the market price for soccer balls is above the intersection of supply and demand curves, then: (1) Shortages of soccer balls will be extensive. (2) Pressure will exist to raise the price of soccer balls. (3) Salaries paid people who make soccer balls are probable to increase. (4) The present price is the market-clearing price. (5) Sporting goods stores are probable to encompass surplus inventories of the soccer balls.

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

   Related Questions in Microeconomics

  • Q : Inequality of Income in Loren Curve A

    A Lorenz curve which is more bowed away from a 45 degree line indicates larger: (w) degrees of economic competition. (x) success for anti poverty programs. (y) equality of income. (z) inequality of income. How can

    		•
  • Q : Total increase in national income In an

    In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.

    		•
  • Q : Illustration of Contestable Market The

    The probably of the following industries to be a contestable market is: (i) electricity generation. (ii) cellular telephone services. (iii) cable TV systems. (iv) natural gas service. (v) water and sewer services.

  • Q : Constructing a model of Production

    Can someone please help me in determining the right answer from the following question. The three fundamental assumptions required to construct a model of the production possibilities frontier do not comprise: (1) Reducing marginal returns to producti

    		•
  • Q : Interest Rate Reinvestment Risk Explain

    Explain the term Interest Rate Reinvestment Risk in detail?

    		•
  • Q : Breaks even point Hey friends I need

    Hey friends I need your help to solve out this problem regarding to a purely competitive firm breaks even while: (w) MR = MC (x) TR = TC (y) MC > MR (z) TR > TC. Can someone suggest me the ri

    		•
  • Q : Long-run purely competitive industry

    For a purely competitive industry in the long-run: (w) neither net entry nor net exit of firms will arise. (x) firms will experience significant economies of scale. (y) the typical firm’s economic profit will exceed its accounting profit. (z) th

    		•
  • Q : Consideration of positive statement

    Choose the right answer . A positive statement is concerned with: A) some goal that is desirable to society. B) what should be. C) what is. D) the formulation of economic policy.

    		•
  • 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 : Determine the market price when demand

    When both demand and supply rise within the market for cell phones, we would suppose the market price to: (w) increase. (x) decrease. (y) increase, decrease, or stay similar, depending upon the relative magnitudes of the shifts. (z) s

    		•