User Account

All Pages

If price of a good is set higher than equilibrium price is

Assignment Help Macroeconomics
Reference no: EM131137843

1. If the price of a good is set higher than the equilibrium price:

A.  consumer surplus is decreased and deadweight loss is increased.

B.  consumer surplus is increased and deadweight loss is decreased.

C.  producer surplus is decreased and deadweight loss is increased.

D.  producer surplus is decreased and deadweight loss is decreased.

2. Suppose that quantity supplied of a product equals 5 and quantity demanded equals 8. In this market, there is a:

A. shortage of this product and the price should fall.
B. shortage of this product and the price should rise.
C. surplus of this product and the price should fall.
D. surplus of this product and the price should rise.

3. An external cost (or negative externality) occurs when:
A. some of the benefits derived from the production or consumption of some good or service are enjoyed by a third party.
B. the production or consumption of some good or service inflicts costs on a third party without compensation.
C. private costs exceed social costs.
D. private costs exceed private benefits.

Reference no: EM131137843

Questions Cloud

At what interest rate would this become attractive : Your company is looking at the possibility of replacing this loan with a loan that has estimated closing costs of $3,300.00. At what interest rate would this become attractive?
Write a function called fibonacci : By definition, the first two numbers in the Fibonacci sequence are 0 and 1, and each subsequent number is the sum of the previous two;
A random sample of size n from a normal population : Given a random sample of size n from a normal population with μ = 0, use the Ney man-Pearson lemma to construct the most powerful critical region of size α to test the null hypothesis σ = σ0 against the alternative σ = σ1 > σ0.
The manufacturer of the new medication feels : Suppose that in Example 1 the manufacturer of the new medication feels that the odds are 4 to 1 that with this medication the recovery rate from the disease is 0.90 rather than 0.60. With these odds, what are the probabilities that he will make a..
If price of a good is set higher than equilibrium price is : If the price of a good is set higher than the equilibrium price: - Suppose that quantity supplied of a product equals 5 and quantity demanded equals 8. In this market, there is a:
The critical region of the likelihood ratio test : The number of successes in n trials is to be used to test the null hypothesis that the parameter θ of a binomial population equals 1/2 against the alternative that it does not equal 1/2.
Write commands to solve the system of equations : Write MATLAB commands to solve the system of equations. 7x-14y=95 -5x+9z=-50 -5x+15z=145
Compute the break-even point in dollars : Scottsdale Ltd.  has the following cost information available for various months of production: Compute the break-even point in dollars
Create a contructor with default parameters : Create a class called Box which has private data members: length and width, both float area, found from length and width name which is a dynamic string constructor

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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