Shortage of the good
Describe when there will be a shortage of the good?
Expert
When the real price is lower than the equilibrium price, then there will be a shortage of the good.
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
I have a problem in economics on Change in real income when price fall. Please help me in the following question. When gas prices drop from $2.65 to $2.45, the biggest change in real income is realized by: (1) Harry Hustler who drives his 1995 Lincoln 200,000 miles/ye
I don't know how to make him stop dancing
Distinguish between full-employment equilibrium and Under-employment equilibrium. Whenever equality among AD and AS is at full employment level it is termed as full employment equilibrium. Although whenever equali
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Give a short history of how banking evolved into the sophisticated operation. Start first with the Goldsmith and sum up with the Banking system which we experience nowadays.
When a tax on goat cheese is completely paid by consumers via higher prices, then the tax has been: (i) alleviated. (ii) Forward shifted. (iii) Backward shifted. (iv) Actualized. (v) Randomized. Can someone help me in getting throu
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
18,76,764
1943619 Asked
3,689
Active Tutors
1417337
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!