Scaring people of a commodity or service

Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to pay a positive price for this. (4) Cannot concurrently enjoy a single unit of the good.

View Complete Question

Related Questions in Public Economics

Q : Relative market prices and ratios of

Jeremy Bentham would have been least familiar along with the concept such that: (1) criminals must be punished proportionally to the harm completed to society, without consideration of intention, remorse or motive. (2) consumers are in equilibrium whe

Q : Problem related to Income distribution

The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

Q : Occurrence problem of Economic

Economic inefficiency is most obviously a problem while: (i) Elmer hates Alpo but eats this so he can afford a cheap daily bottle of Gertrude's Hi Test Wine. (ii) Emma forgot to turn off the water and this runs down the street in a storm sewer six blo

Q : Opportunity costs in alternate activity

Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?

Q : Problem regarding costs of buying

Please recommend me your best answer for given problem. While buying a $70 shirt at Banana Republic maintains you from enjoying the pleasure of a $70 meal at a huge restaurant: (i) Opportunity costs are at play. (ii) You are not be

Q : People thinking about invisible hand of

Adam Smith’s “invisible hand” consider as to a process through which people think: (w) trying to serve their own interests also exploit social well being. (x) rely upon democratic governments to make main economic decisions. (y) base

Q : Charecteristics of market efficiency

Explain the characteristics of market efficiency?

Q : When are relative prices serving as

The behavior on the given list most consistent along with relative prices serving like a rationing device, and not mainly as incentives, would be as: (i) Marcia, a status-seeking social climber that turning down requests of Wayne for dates after seeing small numbers u

Q : Explain about excellent economic

Good economic theories are tends to be: (w) detailed pictures of real-world economic behavior. (x) based upon value judgments. (y) logical and simple explanations of real world behavior. (z) intended at maximizing capitalists' profits.

Q : Invisible hand of Adam Smith “

“Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

Discover Q & A

Leading Solution Library

Avail More Than 1452584 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1934599
Asked

3,689

Active Tutors

1452584

Questions
Answered

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

Submit Assignment