Problem related to Sellers markets

Seller’s markets frequently exist when: (i) There are extensive surpluses. (ii) Prices are increasing. (iii) The government enforces price floors. (iv) Inventories are much high.

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

View Complete Question

Related Questions in Microeconomics

Q : Income elasticity of demand Income

Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income.

Q : Positively sloped demand curve of

When your income is positively and closely tied to the price of a specific product, a raise in its price might cause: (1) The income effect which, in severe conditions, yields a positively sloped demand curve. (2) You to go bankrupt. (3) The powerful positive substitu

Q : Closed Shops and union members Firms

Firms which agreed to hire only workers who were already the union members would be operating: (1) Agency shops. (2) Bilateral monopolies. (3) Monopsonistic shops. (4) Union shops. (5) Closed shops. Choose the right answer from the

Q : Influence of war in prices Assume that

Assume that the War in Iraq start to engulf other Middle-Eastern countries in hostilities. The least probable outcome of gasoline prices therefore increasing to, state, $10 per gallon in the United States, would be that: (i) Hummer sales would fall as a percentage of

Q : What Determinants of Supply include

Determinants of supply do not comprise: (1) Government regulations. (2) Technology. (3) Resource prices. (4) Prices for other producible goods. (5) Tastes and preferences. Can someone please help me in finding out the accurate answ

Q : Making error of omission Numerous big

Numerous big publishing companies refused to publish a horror novel since the author was nameless. The author ultimately found a small publishing house to publish his book. The book sold millions of copies and produced hundreds of thousands of dollars in total revenue

Q : Sufficient general theory of oligopoly

A sufficient general theory of oligopoly would: (w) merely blend elements from competitive and monopolistic models. (x) qualitatively account for interdependence in decision making in broad terms. (y) closely fit all types of oligopoly markets. (z) de

Discover Q & A

Leading Solution Library

Avail More Than 1457606 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941684
Asked

3,689

Active Tutors

1457606

Questions
Answered

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

Submit Assignment