When the price of a good is held above the equilibrium price, the result will be?A. Excess demand B. A shortage of the good C. A surplus of the good 相关知识点: 试题来源: 解析 C Rationale: The effect of price being above the equilibrium (market clearing) price is that supply will...
Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to _.A. the marginal product of labor in the production of cloth times the price of cloth. B. the ratio of the marginal product of labor in the production of cloth to the marginal product of ...
Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to A. the marginal product of labor in the production of cloth times the price of cloth. B. the average product of labor in the production of cloth times the price of cloth. C. the ratio of ...
【单选题】At the equilibrium price of a good, the good will be purchased by those buyers who A. value the good more than price. B. value the good less than price. C. have the money.to buy the good. D. consider the good a necessity. ...
What will happen to the equilibrium price of new textbooks if more students attend college, paper becomes cheaper, textbook authors accept lower royalties, and fewer used textbooks are sold? A. Price will rise. B. Price will fall. C. Price will stay exactly the same. D. The price change ...
of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth to the price of food.C.the slope of the production possibility frontier.D.the average product of labor in the production of cloth times the price of ...
4. Using Input-Output Model and Computable General Equilibrium Model, this study estimates the impacts of imported grain prices on Taiwanese Macroeconomics and consumer price index. Assuming the food prices are fully transferable, the I-O Model shows the import prices of corn, soybean and wheat in...
Purpose: The purpose of this problem set is to show that markets will be in equilibrium when excess demand is zero. You will explore how variations in price can put a market in equilibrium. You will examine the effects of taxes on market equilibrium price and quantity.Computer file: eq...
When the price of a good is held above the equilibrium price, the result will be? A Excess demand B A shortage of the good C A surplus of the good 考点 Chapter4Microeconomicfactors 解析 Rationale: The effect of price being above the equilibrium (market clearing) price is that supply...
In economics, the equilibrium price is calculated by setting thesupply functionanddemand functionequal to one another and solving for the price. What Is Equilibrium Quantity? The amount supplied that exactly equals demand is theequilibrium quantity. In such a case, there will neither be an oversupp...