If the supply and demand curves cross at a price of $2, at any price above that
Question:
If the supply and demand curves cross at a price of $2, at any price above that there will be
a). An equilibrium
b). A surplus
c). A shortage
d). A crisis
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
If the supply and demand curves cross at a price of 2 at any pric...View the full answer
Answered By
Pinaky Shankar Rahul Bhowmik
Hard-working, enthusiastic undergraduate student pursuing a BSS in Economics at East West University. Eager to apply a clear understanding of my abilities to make a positive contribution. Strong theoretical background in Micro & Macro Economics, Public Finance, Development Economics, International Trade and Finance, Contemporary Issues in International Economics. It's one of my goals to enhance my skills and abilities by taking more challenging tasks which are related to my career path to achieve my goal and objectives of reaching my highest professional level through my hard work, dedication, honesty, and team spirit. I also worked as a teaching assistant at my university.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If the supply and demand curves cross at a quantity of 100, then the price necessary to get firms to sell more than that will have to be _______ equilibrium. a). Above b). At c). Below d). Within 10...
-
From the following data, plot the supply and demand curves and determine the equilibrium price and quantity: What would happen if the demand for pizzas tripled at each price? What would occur if the...
-
Suppose the current dollar-peso spot exchange rate equals $0.08/Ps, but it fluctuates with the forces of supply and demand. Due to domestic turmoil, assume that Mexican peso holders suddenly demand...
-
You are a financial analyst. Based on your analysis of Macys financial statements, provide a report to guide investors whether Macys is a buy (keep) or sell stock. Your report should include the...
-
Write an essay on "My Life"
-
A contract made by a person who is intoxicated is completely void. True/False
-
The trial balance for BFF Systems, Inc., at March 15, 2010, follows: During the remainder of March, BFF Systems, Inc., completed the following transactions: Requirements 1. Journalize the...
-
At December 31, 2010, certain accounts included in the Noncurrent Operating Assets section of Salvino Companys balance sheet had the following balances: Land . . . . . . . . . . . . . . . . . . . . ....
-
1. Below is some data about the tshirt and jeans sales of a company. The company decided to raise their prices at the end of Q2. Item Tshirt Q1 Sales Jeans 150 @ $10.00 108 @ $25 Q2 Sales 152 @...
-
Consider a CMOS process for which Lmin = 0.25 m, tox = 6 nm, n 460 cm2/V . s, and V; %3| 0.5 V. (a) Find Cox and k', (b) For an NMOS transistor with W/L = 15 um/0.25 um, calculate the values of Voy ,...
-
The economic rationale for farm price supports is generally a. Weak, but relies on price variability. b. Weak, but relies on the unavailability of crop insurance. c. Strong, and relies on the fact...
-
Propose a plausible synthesis for each of the following transformations: a. b. c. d. e. f. g. Br Br
-
What functions constitute a complete InfoSec program?
-
Distinguish between libel and slander. What is meant by privilege in the context of defamation?
-
What is the special role of the courts in a federal country?
-
Explain the theory of precedent and its values.
-
How does quantum meruit differ from doing a friend a favour?
-
Which activities are governed by the Charter and which are not? Describe the distinction.
-
On January 1, 2017, Antonia Lee Stores, Inc., borrowed $700,000 and immediately received the full amount. The note carried a 7% interest rate and requires annual payments of $146,857 beginning on...
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
Will the elimination of trade barriers between countries in Europe eliminate the need to consider submarkets of European consumers? Why or why not?
-
What and who is the U.S. government attempting to protect in its effort to preserve and regulate competition?
-
For each of the major laws discussed in the text, indicate whether in the long run the law will promote or restrict competition. As a consumer without any financial interest in business, what is your...
-
Explain two (2) principles behind the need for a leader to be self-aware andunderstandtheirbehaviour, personalityandlearning style. Explain two (2) techniques involved in managing,organising and...
-
1: Discuss why it is important to study leadership ? Critically explain the relationship between trait and behavioural with examples 2: Explain what you mean by contingency approaches of leadership...
-
What are some Strategy Formulation/Strategic Alternatives for Netflix? Explain what some strategic alternatives and formulation strategies for Netflix In-house content? Marketing Ad Content? o...
Study smarter with the SolutionInn App