What drives market towards their equilibrium
What drives market towards their equilibrium?
Expert
The behavior of sellers and buyers naturally drives markets toward their equilibrium. If the market price is above the equilibrium price, then there is an excess of the good that causes the market price to drop/fall. If the market price is beneath equilibrium price, then there is a shortage that causes the market price to increase.
I have a quiz in Micro (below) can you assist by Saturday? An insulation plant makes three types of insulation (types B, R and X). Each is produced on the same machine which can produce any mix of output so long as the daily total weight is no more than 70 tons. The insulation is shipped in truck
I have a problem in economics on Power of monopsonist. Please help me in the given question. The firm which is the sole buyer of a specific good or resource is a: (m) Monopsonist. (n) Plutocracy. (o) Bilateral monopolist. (p) Price discriminator. (q) Conglomerate.
All as well equivalent, population growth would tend to rise the: (i) Demand for housing for each and every family. (ii) Supply of natural resources. (iii) Shares of family budgets spend on luxuries. (iv) Market demand for housing.
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
I have a problem in economics on Corporate Finance and Retained Earnings. Please help me in the following question. The corporate income reserved by the corporation subsequent to paying corporate income taxes and dividends to the owners of general sto
When governments compelled pharmaceutical producers to manufacture and sell at least Q3 penicillin, in that case the: (1) purely-competitive firms which produced penicillin would experience persistent economic profits. (2) resulting inadequate antibiotic tr
Give the difference between corporate profit maximization and maximization of shareholder wealth?
The demand for labor is more elastic the: (i) larger labor costs are like a proportion of total costs. (ii) shorter the time interval considered. (iii) greater the supply of labor. (iv) more difficult this is to substitute one resource for another. (v
Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.
A particular monopolistically competitive firm’s total revenue is probably to increase when this: (w) increases the prices of its products and consumer demand is elastic. (x) maintains its original price even if all of its compe
18,76,764
1934079 Asked
3,689
Active Tutors
1426678
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!