If the market price is above the equilibrium price, what will happen to inventories and how will sellers react? What occurs when the market price is below the equilibrium? If the price in a market happens to be above equilibrium, ...
What happens to consumer surplus if the price is above equilibrium or above normal profits? Equilibrium Pricing: Businesses always try to maximize their profits, but consumers are always trying to get the most value for their...
equilibrium ___.If a market is in equilibrium __.A. buyers and sellers can buy and sell all they wish at the current price.B. there is no tendency for the price to rise or fall.C. the quantity supplied equals the quantity demanded.D. All of the above are correct.答案：D ...
A. buyers and sellers can buy and sell all they wish at the current price. B. there is no tendency for the price to rise or fall. C. the quantity supplied equals the quantity demanded. D. All of the above are correct. 相关知识点: 试题...
If a market is in equilibrium ___. (a)buyers and sellers can buy and sell all they wish at the current price. (b)there is no tendency for the price to rise or fall. (c)the quantity supplied equals the quantity demanded. (d)All of the above are correct. 相关知识点: 试题来源: ...
If a surplus exists in a market, then we know that the actual price is A、above the equilibrium price, and quantity supplied is greater than quantity demanded. B、above the equilibrium price, and quantity demanded is greater than quantity supplied. ...
If a shortage exists in a market we know that the actual price isA.below equilibrium price and quantity demanded is greater than quantity supplied.B.above equilibrium price and quantity demanded is greater than quantity supplied.C.above equilibrium price
C) sellers will only sell at prices above equilibrium price (or actual price). D) consumers are willing to make purchases only if the price is below the actual price. Answer: B Diff: 1 Section: 9.1 15) In an unregulated, competitive market producer surplus exists because some: A) ...
A. below equilibrium price and quantity demanded is greater than quantity supplied. B. above equilibrium price and quantity demanded is greater than quantity supplied. C. above equilibrium price and quantity supplied is greater than quantity demanded. D. below equilibrium price and quantity supplied ...
If a shortage exists in a market, then we know that the actual price isA.abovetheequilibriumprice,andquantitysuppliedisgreaterthanquantitydemanded.B.abovetheequilibriumprice,andquantitydemandedisgreaterthanquantitysupplied.C.belowtheequilibriumprice,andq