Consumers are willing to pay , Microeconomics

"As long as consumers are willing to pay a positive price for a good, the larger is the  quantity formed, the greater is the total surplus from trade."  Explain this statement if it is true.

Posted Date: 3/28/2013 12:49:09 AM | Location : United States

Related Discussions:- Consumers are willing to pay , Assignment Help, Ask Question on Consumers are willing to pay , Get Answer, Expert's Help, Consumers are willing to pay Discussions

Write discussion on Consumers are willing to pay
Your posts are moderated
Related Questions
technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti

Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto

A firm has a short-run production function defined by:  Q = -. 02L 2 + 8L What  is  the short  run demand curve  for  labour  (L) in terms of  the market wage  rate  (w), if

Ask qdescribe average and marginal revenue under imperfect competitionuestion

when does market equilibrium occur?

Determinants of Private Demand - Waiting-Time for Employment ‘Waiting time’ for employment is another important factor. The waiting time varies from course to course. For inst

The Long-Run Supply of Housing * Scenario 1: Owner-occupied housing - Suburban or rural areas - National market for inputs * Questions - Is this an increasing or co

Balancing Needs and Resources planning is a balancing act. It involves the balancing of needs with resources towards set goals. Likewise, educational planning involves the bal