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. I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
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.
I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
When the rental price of DVDs start from $2.50 to $.99 and the quantity demanded raises from 510 to 820 in that case the price elasticity of demand to rent DVDs is: (w) perfectly elastic. (x) perfectly inelastic. (y) relatively elasti
When there are no externalities, in that case a purely competitive market in equilibrium is efficient since: (w) P = AC = MC. (x) total revenue equals total cost [TR = TC]. (y) P = MSB = MSC = MC. (z) MSB = MSC = MR > P.
What are the types of market economies?
I have a problem in economics on Price hike problem of durable goods. Please help me in the following question. The expectations of price hikes for durable goods tend to: (i) Raise current production, however only for later sale. (ii) Cause firms to r
Under pure competition, there is marginal social benefit will equivalent marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits are zero. (y) there are externalities. (z) entrepreneurs a
An increase in consumer desire for strawberries is most likely to: increase the number of strawberry pickers needed by farmers. reduce the supply of strawberries. reduce the number of people willing to pick strawberries. reduce the need for strawberry pickers
The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you
The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be held personally accountable for any and each of the partnership&rsqu
A Lorenz curve is a way to demonstrate: (w) that the U.S. has perfect equality of income distribution. (x) a mirror image of a production-possibility curve. (y) the percentages of families receiving different percentages of income. (z) differences wit
What are the three basic shapes of yield curves in the marketplace?
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