Market price ____________equilibrium price. a) must always be equal to b) must always be above c) must

Question:

Market price ____________equilibrium price.

a) must always be equal to

b) must always be above

c) must always be below

d) may be equal to

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:00 AM

See More Questions

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...
123 Compare the purely graphical properties of these two notations, and the ways in which the graphical properties of each display correspond to the information structure being defined. Describe...
Alpha Corp. (a spinoff of Alpha Beta) makes Product X, which is composed of two Part Ys. Complete the following MRP matrices for X and Y, and construct a planned order report. When are orders placed...
Assume you recently obtained a job with Perfumania, the largest specialty retailer of discounted fragrances in the United States. Your job is to estimate the amount of write-down required to value...
An advertisement appeared in the Chicago Sun- Times for the sale of a Volvo station wagon at Lee Calan Imports, Inc., for $1,095. The advertisement had been misprinted by the Sun-Times. The actual...
As a gambling facility, MGM Desert Inn, Inc., regularly holds and executes negotiable instruments. During a period of two months, patron William E. Shack Jr. entered MGM and delivered eight checks to...
Preparing pro forma income statements with different assumptions Norman Jelen, the controller of Wing Corporation, is trying to prepare a sales budget for the coming year. The income statements for...
KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in...
A demand schedule is determined by the wishes and abilities of _____. a) sellers b) buyers c) buyers and sellers d) neither sellers nor buyers
At equilibrium, quantity demanded is __________equal to quantity supplied. a) sometimes b) always c) never
Using the concept of a strong culture, explain the nature of Patagonias culture.
just to explain these topics 1 Value Proposition of accountants; Impact of current environment 2 Theories of Ethics, Ethical Issues or Dilemmas, Apply to cases 3 Professional Ethics APES110 4 ESG,...
What is the profitability index of a project that has an initial cash outflow of $600, an inflow of $250 for the next 3 years and a cost of capital of 10 percent??
What are the molecular mechanisms underlying genomic imprinting, and how do parent-of-origin-specific epigenetic marks regulate the expression of imprinted genes during development and beyond?
Explain the concept and relevance of legality in the criminal law context; use an example. In California, who makes the criminal laws and what do we call that set of laws?
Specifically mention the types of controls that it is best at evaluating and monitoring, and give examples.
Calculate the degree of transaction in the following formulas, and then draw as many structures as you can for each: (a) C4H8 (b) C4H6 (c) C3H4
Rewrite the code of Figure 7.3 in Ada, Java, or C#. Figure 7.3: template class queue { item items [max_items]; int next_free, next_full, num_items; public: queue () : next_free (0), next_full(0),...
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...
Consider a function f defined as follows: f(x)=(x-3)2, x[1,2] Is f invertible on its domain, i.e. on [1,2]? If yes, find.
You want to retire in 25 years. You currently have $150,000, and think you will need $1.3 million at retirement. What annual interest rate must you earn to reach your goal, assuming you don't save...
A manufacturing plant is producing the following products using available raw materials shown in the below Table. Resource usage per unit product Resource Available resource Product 1 Product 2 Raw...

Market price ____________equilibrium price. a) must always be equal to b) must always be above c) must

Question:

Step by Step Answer:

The correct answer is d may be equal to Explanation Market price and equilibrium price are not alway...View the full answer

Microeconomics

Students also viewed these Business questions