Question

An economic equilibrium is explained by the following: 答案选项组 price and quantity are inversely related price...

An economic equilibrium is explained by the following:

答案选项组

price and quantity are inversely related

price and quantity are directly related

when all shortages in markets are equal to industry factors

when all surpluses are equal to all market conditions

price and quantity are at an equal point

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The correct optin is D) price and quantity are at an equal point.

Equilibrium is a state of balance in an economy and can be applied in a number of contexts. In elementary microeconomics, the market equilibrium price is the price that equates demand and supply in a particular market. In this situation, the market ‘clears’ at the equilibrium price everything that is taken to market by producers is taken out of the market by consumers. This situation is commonly referred to as ‘partial’ equilibrium.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The equilibrium price is the price Group of answer choices from which there is always a...
The equilibrium price is the price Group of answer choices from which there is always a tendency to move away. at which quantity supplied equals quantity demanded. suppliers agree to charge. where there are surpluses and shortages. Flag this Question Question 8 3 pts Suppose the football team at your university wins 10 games in a row. The following will be a possible outcome of this event in the market for football tickets: Group of answer choices The equilibrium price...
Find the equilibrium price and equilibrium quantity from the following relations describes demand and supply conditions...
Find the equilibrium price and equilibrium quantity from the following relations describes demand and supply conditions in a given industry. QD = 80000 –20000P(Demand) QS = -20000 + 20000P(Supply) Where Q is quantity and P is price in dollars.
Price Equilibrium and Quantity Equilibrium Assume Economy Ashland produces Pepsi. a) In the space provided below...
Price Equilibrium and Quantity Equilibrium Assume Economy Ashland produces Pepsi. a) In the space provided below show the Pepsi market by graphing the coffee demand and supply curves. Label the Demand curve D1, Supply curve S1, Equilibrium point E1, Price Equilibrium P1, and Quantity Equilibrium Q1, both axis Now assume that the beverage backing/shipping industry develops new technology to better transport/produce soda which Pepsi incorporates. At the same time price of pizza (a complementary good to Pepsi) increases. b) In...
Show, using a supply & demand graph, the effect on the equilibrium price and quantity of...
Show, using a supply & demand graph, the effect on the equilibrium price and quantity of the good in question of the following events. Assume markets are initially in equilibrium. These are qualitative answers. An original and new market equilibrium on the graph is needed. Show that clearly. The market for Apples is initially in equilibrium. Suppose the price of Pears, a substitute for Apples, declines while at the same time more Apple Orchards are opened, so more firms enter...
Question 1 In order for a monopolist to earn an economic profit in short-run equilibrium, marginal...
Question 1 In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero. True False ____________________________________________________ Question 5 Which of the following is true for the monopolist? Marginal revenue is less than the price charged. Economic profit is possible in the long-run. Profit maximizing or loss minimizing occurs when marginal revenue equals marginal cost. All of the above. None of the above. _________________________________________________________ Question 12 An industry is said to be...
Compare the equilibrium quantity and price (in general) of each of the following pairs of markets:...
Compare the equilibrium quantity and price (in general) of each of the following pairs of markets: Perfect Competition and Monopolistic Competition Monopoly and Oligopoly (non-colluding firms) Monopoly and Oligopoly (colluding firms)
Equilibrium: Question 1 options: a) occurs when the quantity demanded is equal to the quantity supplied....
Equilibrium: Question 1 options: a) occurs when the quantity demanded is equal to the quantity supplied. b) occurs when all the consumers are fully satisfied. c) can never occur in a capitalist economy. d) is also called the market-creating price. The demand curve represents Question 3 options: consumer's marginal opportunity cost producer's marginal opportunity cost consumer's marginal willingness to pay consumer's marginal propensityto consume An effective price ceiling leads to: Question 14 options: a) quantity supplied equal to quantity demanded....
1. All other things equal, according to the law of demand, when the price of a...
1. All other things equal, according to the law of demand, when the price of a good falls, ________. the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. When a market is in equilibrium, the quantity of the good that buyers are willing and able to buy ________. exactly equals the quantity that sellers are willing and able to sell cannot be...
(a) Draw a figure to scale showing the short-run and long-run equilibrium of the firm on...
(a) Draw a figure to scale showing the short-run and long-run equilibrium of the firm on the assumption that the firm, but not the industry, has transitioned to their long-run equilibrium (that is, after changing their plant size but before entry/exit of other firms). Use the following information to piece it together: P = $30; the least-cost input combination of producing q = 2 costs $60; the minimum efficient scale is at q = 8, with LAC = $12.50 at...
(a) Draw a figure to scale showing the short-run and long-run equilibrium of the firm on...
(a) Draw a figure to scale showing the short-run and long-run equilibrium of the firm on the assumption that the firm, but not the industry, has transitioned to their long-run equilibrium (that is, after changing their plant size but before entry/exit of other firms). Use the following information to piece it together: P = $30; the least-cost input combination of producing q = 2 costs $60; the minimum efficient scale is at q = 8, with LAC = $12.50 at...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT