When Shortages occur, Shortages take place whenever the market price: (1) Most greatly

When Shortages occur

Shortages take place whenever the market price: (1) Most greatly surpasses the average person’s demand price. (2) Is above the usual seller’s supply price. (3) Equivalents production costs plus the maximum possible gain. (4) Lies beneath the equilibrium price. (5) Is set by the government to make sure that supply surpasses demand.

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Perfectly price elastic demand For

For Cournot’s Spring Water the demand is perfectly price elastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

Q : Kinked demand curves and sticky prices

Sticky prices within oligopoly markets are: (w) predicted by the kinked demand curve model. (x) substantiated by many statistical studies. (y) most common for highly differentiated products. (z) a result of price discrimination.

Q : Technology and resource costs I have a

I have a problem in economics on Technology and resource costs. Please help me in the following question. The short-run supply of macadamia nuts is considerably recognized by: (1) Preferences and tastes. (2) Technology and resource costs. (3) The number of consumers.

Q : Complementary Goods-Purchasing goods

Subsequent to Judith buys an American eagle shirt at the mall for 50 percent off, she purchases the matching purse, skirt and earrings. Such extra purchases are illustrations of: (i) Complementary goods. (ii) Substitute goods. (iii) Numbers and ages of the buyers. (iv

Q : Perfectly price elastic for horizontal

Firms along with output having many perfect substitutes for potential buyers confront as: (w) perfectly price elastic for horizontal demand curves. (x) predatory pricing through more monopolistic firms. (y) price elasticity coefficients of zero. (z) s

Q : Economic profits by potential customers

When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending

Q : Consistency of supply curve with

The supply curve most consistent along with the inelastic supply of land into Antarctica is demonstrated in: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Present Value and Rates of Return When

When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for $1,000 monthly, rough computation suggests the house contain a present value of: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12,000.

Q : Lower price results in higher product

When lower price outcomes in higher bread sales, this points out an: (i) Raise in the quantity of bread demanded. (ii) Raise in the quantity of bread supplied. (iii) Exception to the law of demand. (iv) Raised taste for bread. Can

Q : Present Value of an Annual Income The

The present value of an annual income stream which goes on forever equals the annual income as: (w) times infinity. (x) divided by the wage rate. (y) multiplied by the interest rate. (z) divided by the interest rate.

Discover Q & A

Leading Solution Library

Avail More Than 1435877 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1953834
Asked

3,689

Active Tutors

1435877

Questions
Answered

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

Submit Assignment