Would you expect a shift in supply to have a greater effect on equilibrium quantity in the
Question:
Would you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To begin with, lets disregard the COVID-19 pandemic and its aftermath on the global economy. Prior to the pandemic, the majority of global economic disruptions over the past decades have been caused...
-
In a Hopfield neural network configured as an associative memory, with all of its weights trained and fixed, what three possible behaviours may occur over time in configuration space as the net...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
State whether the following statement are True or False: Assets = Owners Equity is also a possible scenario.
-
Answer the preceding question for the case where air resistance is not negligible-where air drag affects motion.
-
Write the expression in the form \(D \sin (\omega t+\phi)\). \(\frac{1}{2} \cos 3 t-\sin 3 t\)
-
A project has been selected for implementation. The net cash flow (NCF) profile associated with the project is shown below. MARR is 10 percent/year. a. What is the annual worth of this investment? b....
-
Merchandise was purchased on account from Jacobs Distributors on May 17. The purchase price was $2,000, less a 10% trade discount and credit terms of 2/10, n/30. 1. Calculate the net amount to record...
-
Three friends, A, B, and C, start a business with investments in the ratio of 4:3:5, respectively. A invested $5,000, and all three of them agree to share profits in the ratio of their investments....
-
Why isnt the combination of consumer and producer surplus maximized if there is either excess demand or supply?
-
When the price of ketchup rises by 18 percent, the demand for hot dogs falls by 2 percent. a. Calculate the cross-price elasticity of demand. b. Are the goods complements or substitutes? c. In the...
-
At the beginning of the current period, Perfect Products Inc. (PPI) sold a used depreciable asset to its wholly owned subsidiary, Simply Scrumptious Ltd. (SSL), for $80,000. PPI had originally paid...
-
Examine a product like bottled water through the lens of the core, actual and augmented product. What types of differentiation strategies are being used by brands in this sector? Can you suggest any...
-
Discuss the development of marketing. What are the critical ways in which marketing has changed over the years?
-
What are some reasons for the differences in the distribution of income in Australia and in South Africa? The table shows shares of income in Australia. Households (quintile) Lowest Second Third...
-
Explain how [s]tressing about things like coronavirus and global emergencies can result in people making decisions that not only fail to satisfy the social interest, but also fail to satisfy...
-
Although only some people in an organization need to know about marketing or accounting or production, almost everyone benefits by knowing about organizational behavior. Do you agree with this...
-
What is the apparent shape of a cube moving with a uniform velocity directly toward or away from an observer?
-
Separate variables and use partial fractions to solve the initial value problems in Problems 18. Use either the exact solution or a computer-generated slope field to sketch the graphs of several...
-
1. Arrow up or down: According to the law of supply, an increase in price ___ the quantity supplied. 2. From the following list, choose the variables that are held fixed when drawing a market supply...
-
1. Arrow up or down: According to the law of supply, an increase in price ___ the quantity supplied. 2. From the following list, choose the variables that are held fixed when drawing a market supply...
-
1. Arrow up or down: According to the law of supply, an increase in price ___ the quantity supplied. 2. From the following list, choose the variables that are held fixed when drawing a market supply...
-
3. (a) Determine whether the vectors = (-3,0,4) v = (5,-1,2) w = (1,1,3) form a linearly dependent set or a linearly independent set in R. (b) Consider the set of all triples of the form (a,b,c),...
-
Solve the system of equations by elimination, if a solution exists. 0.2x+0.7y = 2.9 5x-2y = 14 Select the correct answer below and, if necessary, fill in any answer boxes to complete your choice. OA....
-
Exercise 2-2: Consider the following vector field F = xyi + y sin(z)j - xyzk. Compute V = V x F, and integrate the outward flux of the new vector field V through the spherical surface as defined by x...
Study smarter with the SolutionInn App