答案解析: At prices above equilibrium, suppliers are willing to produce a greater quantity than buyers are willing to purchase. This is an excess supply condition. Competition among suppliers leads to downward pressure on prices until the market reaches equilibrium price and quantity. 统计:共计134...
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 正确答案:Rationale: The effect of price being above the equilibrium (market clearing) price is that supply ...
If the market price of a good is above the equilibrium price ___ A. a surplus will exist, which will put downward pressure on the prices. B. the supply curve will shift to the right as firms rush to take advantage of the high price. C. the demand curve will shift to the left ...
我願意消失在這個世界上 If my existence is a mistake! I am willing to vanish in this world[translate] a因而也就在家庭教育的结果上产生了较大的差异。 正在翻译,请等待...[translate] a3. If the price of a good is above the equilibrium price, 3. 如果价格的好在平衡价格之上,[translate]...
If a price ceiling is set above the equilibrium price, thenA.there will be a surplus of the good.B.there will be a shortage of the good.C.there will be neither a shortage nor a surplus of the good.D.the price ceiling will generate revenue for the governm
Intertemporal Equilibrium Because prices may swing above or below the equilibrium level due to proximate changes in supply or demand at a given moment, it is best to look at this effect over time, known asintertemporal equilibrium. The concept is also used in understanding how firms and household...
5. The effect of a price ceiling set above the equilibrium price is most accurately described by which of the following statements? A:A: Quantity demanded will exceed quantity supplied B:B: It will have no effect on equilibrium price and quantity. C:C: Quantity supplied will exceed quantity...
A.this maximum price for milk will have no economic impact.B.quantity demanded of milk will be less than quantity supplied.C.demand for milk will be greater than supply.D.the available milk supply will have to be rationed.相关知识点: 试题...
Equilibrium In the short run equilibrium may be above or below the full employment rate. In other words AD and AS may not intersect at the LRAS. In the long run equilibrium will be at the LRAS, because in the long-run short run AS will have adjusted so that short-run aggregate output...
Figure 01: Shift in demand or supply result in a change in the equilibrium price If the market price is above the equilibrium, there is an excess supply in the market, and the supply exceeds the demand. This situation is referred to as a ‘surplus’ or ‘producer surplus.’ Due to the...