Quantity of good supplied exceeds quantity demand

While the quantity of a good supplied exceeds the quantity demanded: (1) sellers are more likely to create concessions to buyers. (2) the current market price is below equilibrium. (3) consumers gain through buying before prices adjust upward. (4) the quality of output tends to decline. (5) speculators anticipate a price raise.

Hey friends please give your opinion for the problem of Economic that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Moral Hazard-Policies of promotion Can

Can someone help me in finding out the right answer from the given options. The Moral hazards which produce shirking by employees can be partly remedied when firms adopt the policies of: (1) Efficiency salaries. (2) Hierarchical signaling. (3) Careful screening throug

Q : Effect of purchasing goods to

Most of the people can’t modify relative market prices however have a little control over the relative subjective prices of the goods they consume. They are most probable to make market prices and subjective prices compatible when they: (i) Raise purchases of go

Q : Problem on buying a used car You desire

You desire to purchase a used car. The dealer knows accurately how well the car works and how much it must cost, although you are not sure of its value. This is an illustration of: (i) Asymmetric information. (ii) Dealer rights. (iii) Predatory pricing. (iv) First mov

Q : Location Rents in Economics Location

Location rents are: (1) really just normal profits. (2) generated while customers bear lower transportation costs through buying from one firm over another. (3) economic interest on the capital improvements to land. (4) unrelated to population density

Q : Break even income by marginal tax rate

A marginal tax rate of 30 percent and income floor of $6,000 yields a break even income of: (w) $20,000 (x) $1,800 (y) $4,200 (z) $7,800 Hey friends please give your opinion for the problem of

Q : Inferior Goods used in American family

The most probable of the following to be an inferior good for most of the American families who buy some of each of such products would be: (i) Spam, that is a canned meat product. (ii) Plastic surgery. (iii) Concert tickets. (iv) Gasoline. (v) College textbooks.

Q : Competition and Social Welfare The

The purely competitive firm in an output market which hires from a purely competitive labor market will use labor at the point where VMP = W as the firm: (i) Operates in the society's best interest. (ii) Wants to be pretty fair to workers. (iii) Is eg

Q : Neoclassical Production and Costs

Normal 0 false false

Q : Stable Competitive Economy Into a

Into a stable competitive economy without innovation, transaction, or uncertainty costs, all accounting profits would be: (w) pure economic profits. (x) payments required to secure owner-provided resources. (y) pure e

Q : What will occur when government taxes a

When the government taxes a good, the price consumers currently face is most probably: (w) higher than before the tax. (x) below the price the seller receives. (y) less than average production cost. (z) justified through welfare payments to taxpayers.

Discover Q & A

Leading Solution Library

Avail More Than 1437608 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950153
Asked

3,689

Active Tutors

1437608

Questions
Answered

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

Submit Assignment