The effect on the equilibrium price is ambiguous. The equilibrium price rises if the increase in demand exceeds the increase in supply. The equilibrium price falls if the increase in supply exceeds the increase in demand. The equilibrium price is unchanged if the increase in demand equals the ...
restaurants and malls also left many frontline workers underemployed or unemployed. The construction and infrastructure sectors witnessed a similar effect. Many tech workers found themselves made redundant in the downturn and China is now producing a record number of college graduates who have entered a...
When uncertainty is exogenous, we analyze the effect of the slope of marginal costs, the nature of the demand disturbance, and the curvature of demand on firms' propensities to complete with price or quantity as the strategic variable. These three factors are likely to influence the nature and...
restaurants and malls also left many frontline workers underemployed or unemployed. The construction and infrastructure sectors witnessed a similar effect. Many tech workers found themselves made redundant in the downturn and China is now producing a record number of college graduates who have entered a...
Answer to: What is the effect of a price floor below the equilibrium on price and quantity? By signing up, you'll get thousands of step-by-step...
a我根本不在意 I pay no attention radically[translate] aMaybe this is a relief, 可能这是安心,[translate] aPrice effect: increased quantity is sold at a lower price => lower revenue (profit?) 正在翻译,请等待... [translate]
If the firms choose their capacities simultaneously before making pricing decisions, then the effect of price-matching varies with the cost of capacity. Specifically, when the cost is "high" price-matching either (i) has no effect on the market price, i.e., the market price associated with ...
从经济课的角度说：如果是普通消费品，消费者的收入提高会导致需求增加，继而导致价格上升。例如你的工资从3000变成8000，你可能就会考虑买一台新的游戏机。如果是低档消费品，消费者的收入提高反而会导致需求减小。例如最便宜的方便面。你的工资从3000变成8000，你可能就想吃鱼吃肉了，而不吃方便面了。
The reduced foot traffic in or closing of small retail shops, department stores, restaurants and malls also left many frontline workers underemployed or unemployed. The construction and infrastructure sectors witnessed a similar effect. Many tech workers found themselves made redundant in the downturn an...
In this paper, we develop a differentiated duopoly model with endogenous cost-reducing R&D and review the argument on welfare effect of price and quantity competition in the presence of technology licensing. We show that, with licensing, the standard conclusion on duopoly (Singh and Vives, 1984)...