--%>
Assignment Help - homework help

Shortages and surpluses in the market

A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae.

1802_example of Price Floors.png

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Problem on Minimum Wage Sec. A :The

    Sec. A:The Bureau of Labor Statistics of a small state has asked you to analyze a minimum wage policy to support unskilled workers in the State’s local economy, which is still suffering from the effects of the recession.  Based on

    		•
  • Q : Why the slope budget line downward

    Describe why is the budget line slope downward?

    		•
  • Q : Firms and Transaction Costs An

    An individual or organization which simultaneously purchases low and sells high in various markets is a/an: (i) Angel duster. (ii) Escalator. (iii) Arbitrageur. (iv) Finagler.  (v) Optimizer. Can someone please help me in find

    		•
  • Q : Individual demand and market demand

    Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices.

    Q : Profit-maximizing monopolists I have a

    I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

    		•
  • Q : Problem on Market clearing price The

    The Equilibrium in a market needs the attainment of a: (1) Balancing act passed by the Congress. (2) Supply price for each and every possible quantity. (3) Demand quantity for each and every possible price. (4) Market clearing price.

    Q : Problem on Product Differentiation Most

    Most of the mass advertising is planned to: (1) Give accurate information on product and price quality. (2) Boost output to conform to the consumer preferences. (3) Alter the consumer preferences. (4) Provide free TV entertainment and remain newspaper

    		•
  • Q : Union Strategies and the Taft-Hartley

    The union strategy made illegal through the Taft-Hartley Act of 1948 was: (1) Jurisdictional strikes centered on which the unions would symbolize a firm’s staff. (2) Contracts in which the firms agreed to preferentially encourage the union members. (3) ‘Ri

    		•
  • Q : Characterization of markets Each and

    Each and every market is characterized by: (i) Widespread advertising, marketing, and sales promotions. (ii) Demands from each and every individual for all products. (iii) Potential buyers ready to pay and potential sellers ready to supply. (iv) Government licenses pr

    		•
  • Q : Zero economic profits in long-run

    In long-run equilibrium, a monopolistically competitive firm is making: (a) economic profits. (b) zero economic profits. (c) negative economic profits. (d) revenues that exceed total costs. Can anybody suggest me t

    		•