Describe the market behavior that should result

Assignment Help Business Economics
Reference no: EM1361341

Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.

Reference no: EM1361341

Questions Cloud

Write program two functions to solve problem of university : Write the program with at least two functions to solve the following problem. The members of the board of a small university are considering voting for a pay increase for their 10 faculty members.
Finance related important questions : Under the GASB Statement No. 34 reporting model for governmental entities, fund financial statements include separate sets of financial statements for:
Primary prevention as cost effective : Using immunizations as a primary prevention, how would one address this prevention in a community with less than desirable compliance? How would you justify this primary prevention as cost effective?
Report on machinery - equipment hazards : Identify at least 2 major hazards that may arise at the workplace for each machinery / equipment and evaluate the consequences of the identified hazards for each machinery / equipment
Describe the market behavior that should result : Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
Dangers of driving and talking on the phone : Research shows that drivers talking on the phone while driving, even with the use of a hands-free headset, are four times more likely to crash than non-chatters.
Inpatient care and complex treatments : Need help answering the following question: Should a community hospital promote health, disease prevention, cna chronic disease management when these effforts will lead to a loss of revene for inpatient care and complex treatments?
Define the magnitude of the net electric field : How far from the dog would the suitcase land? You can ignore air resistance.
Development and career management : Show the strengths and drawbacks in using this method to train this topic to a group of 18 employees and explain in detail the way you would evaluate the effectiveness of this training offered. Why have you chosen this evaluation process?

Reviews

Write a Review

Business Economics Questions & Answers

  Compute the equilibrium level of income for the open economy

Compute the equilibrium level of income for the open economy aggregate expenditure model.

  Gdp is growing also both the velocity of money

Illustrate what the effects would be if real GDP is growing also both the velocity of money also the money stock are constant. Please converse.

  Reduce in aggregate demand the price level

During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.

  Which parties win also which parties lose from rent control

Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.

  Symmetric demand function

Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation.

  Way to identify family types for pricing purposes

There is no way to identify family types for pricing purposes also all costs are fixed so to maximizing total income is equivalent to maximizing profit.

  One important difference between an entrepreneurs manager

One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.

  Assume that the interest rate falls

Now Assume that the interest rate falls to 50 percent, and the household decides not to borrow or lend at all. Is the household better off or worse off with the higher interest rate.

  Marginal cost of providing lockers is zero

Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.

  Illustrate what are the factors that affect the supply

Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.

  Additional business gained by moving downtown will exceed

One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.

  Home from inexpensive materials

Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd