--%>
Assignment Help - homework help

Why are buyers and sellers forced to be price-takers

Several buyers and sellers are forced to be price-takers since: (w) vigorous competition maintains individuals from noticeably influencing the market. (x) only monopoly firms adjust quantities. (y) markets adjust slowly. (z) quantity adjustment is not possible in the short run.

Please guys help to solve this problem of Economics with some explanation.

   Related Questions in Microeconomics

  • Q : Production possibilities curves Give me

    Give me answer of this question. The production possibilities curves following suggest that: A) West Mudville should specialize in, and export, baseball bats. B) West Mudville should specialize in, and export, both baseballs and baseball bats. C) East Mudville should

    		•
  • Q : Price fluctuations to go bankrupt in

    Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

    Q : Unitarily price elasticity demand for

    When milk prices increase from $2 to $3 per gallon and sales fall by 600,000 gallons to 400,000 gallons monthly, then demand for milk is: (w) relatively price elastic. (x) unitarily price elasticity. (y) a 45 degree, negatively sloped

    		•
  • Q : Consumption expenditure In an economy

    In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure

    		•
  • Q : Quantity demanded decrement of elastic

    When the price elasticity of demand for goose grease is 2.5 and a 10% price hike will reasons of quantity demanded to: (w) grow by roughly 2.5%. (x) grow by roughly 25%. (y) fall by roughly 25%. (z) fall by roughly 4%.

    Q : Public international law issues The

    The following is a case problem around which the examination paper will be based. In preparation for the examination, you should study the problem scenario and identify the possible public international law issues which might arise, and how the law might be applied to

    		•
  • Q : Illustration of transaction costs You

    You are more probable to shop at a remote farmers’ market quite than buy apples at a local grocery store while: (w) possible, since produce is cheaper at the farmers’ market. (x) you would like to buy only vegetables and fruits. (y) the opportunity costs o

    		•
  • Q : Acquire substantial human capital by

    Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest

    		•
  • Q : Produces profit maximizing by marginal

    All profit maximizing firms makes where marginal revenue: (w) equals marginal cost. (x) equals average variable cost. (y) includes average revenue. (z) is rising. Can anybody suggest me the proper

    		•
  • Q : Economists view on Psychic Income Can

    Can someone please help me in finding out the accurate answer from the following question. The Economists view on the psychic income as the: (1) Explicit cost of the production. (2) Implicit cost of production. (3) Implicit revenue gathered by the firm's owner. (4) Ac

    		•