Write short note on Demand, Supply and Equilibrium
Write short note on Demand, Supply and Equilibrium?
Expert
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.
True or false? “U.S. exports create a demand for foreign currencies; foreign imports of U.S. goods generate supplies of foreign currencies.” Explain.
Illustrate a summary of what can cause an increase in demand?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Define Dependent and independent variables?
Explain the statements: The market system not only accepts self-interest as a fact of human existence.
Elucidate an example of simultaneous changes in both supply and demand?
How can we calculate Price earnings ratio?
How Reciprocal Trade Agreements Act had goal of reducing tariffs?
Entrepreneurs: (w) undertake risky forms of production to gain uncertain profits. (x) obtain interest payments for their services. (y) are usually overcompensated for their innovations. (z) receive virtually all their wealth by inheritance.
Question: Max has a utility function U =√ x1x2 where x1 is litres of ice-cream and x2 is boxes of strawberries. The marginal utility of a litre if ice-cream is
18,76,764
1951768 Asked
3,689
Active Tutors
1445961
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!