--%>
Assignment Help - homework help

Write short note on Demand, Supply and Equilibrium

Write short note on Demand, Supply and Equilibrium?

E

Expert

Verified

Demand is an inverse relationship between price and quantity demanded, other things equal (unchanged). Supply is a direct relationship showing the relationship between price and quantity supplied, other things equal (unchanged). It can appear that these rules have been violated over time, when tracking the price and the quantity sold of a product such as salsa or coffee.

   Related Questions in Business Economics

  • Q : How do you account for the dominant

    How do you account for the dominant role of corporations in the U.S. economy?

    		•
  • Q : Why producers not be able to find

    Why producers not be able to find enough paying buyers for “public goods”?

    		•
  • Q : Elucidate Participants in international

    Elucidate Participants in international trade of U.S. and World Trade?

    		•
  • Q : Barter - Efficiency and the Gains from

    Relative to other systems, economies in that people exchange goods or resources directly along with other people for other goods or resources without using money like a usual denominator rely relatively heavily upon: (i) barter. (ii) specialization. (

    		•
  • Q : What are the 2 definitions of economics

    What are the 2 definitions of economics growth?

    		•
  • Q : Describe the Euro Describe the Euro?

    Describe the Euro?

    		•
  • Q : Technological advances in producing

    When given resources can now produce additional goods than was previously probable, then there have been a: (1) Stock market boom. (2) Competitive spurt which shrinks entrepreneurial gain. (3) Concavity reversal in the production possibilities frontier. (4) Bigger rel

    		•
  • Q : The federal fiscal stimulus Question:

    Question: Was the stimulus package passed in 2009 as success?  In answering this question the focus should be the articles on the syllabus, but you should also include opinions of other commentators.   Your answer should also describe w

    		•
  • Q : Subjective aspects of pricing- economic

    Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even

    		•
  • Q : Micro economics and macro economics

    Micro economics and macro economics:Economic theory can be widely divided into micro and macroeconomics. The word micro means small and macro means big.In microeconomics, we deal

    		•