When market price is above equilibrium price, _______. a) market price will rise b) equilibrium price will

Question:

When market price is above equilibrium price, _______.

a) market price will rise

b) equilibrium price will rise

c) market price will fall

d) equilibrium price will fall

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

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
When market price is above equilibrium price, the market price will be driven ______. a) up by unhappy buyers b) up by unhappy sellers c) down by unhappy buyers d) down by unhappy sellers
(a) If market price is above equilibrium price, explain what happens and why? (b) If market price is below equilibrium price, explain what happens and why?
If we take $1 away from a rich person and give it to a poor person, the rich person loses less utility than the poor person gains. Comment.
Assume you are on a jury hearing a trial involving a large national drugstore company. Your immediate task is to identify suspicious events in the following evidence that suggest financial fraud may...
What is revocation?
Priscilla Webster was dining at her favorite Massachusetts seafood restaurant when matters went horribly wrong. She began choking on a fishbone that had been lurking in her seafood chowder. After a...
The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $2,600. 2. Depreciation...
Crystal Corporation earned net income of $ 9 0 0 , 0 0 0 in 2 0 2 3 . It has a complex capital structure as follows: 1 2 , 0 0 0 shares outstanding of 8 % , $ 1 0 0 preferred stock, and 1 7 0 , 0...
At equilibrium, quantity demanded is __________equal to quantity supplied. a) sometimes b) always c) never
What happens to quantity demanded when price is raised? a) It rises. b) It falls. c) It stays the same. d) It cannot be determined if it rises, falls, or stays the same.
When pricing is based on the competition, what three approaches are available?
Explain how the criminal law could provide a backup for the tort law to hold someone accountable, how the tort law could back up the criminal law to provide some degree of accountability, and how...
Explain: transition materials concluding materials supporting materials introductory materials. give example also.
provide the output of the following program after execution. Display the output properly in the box to your right. #include #include using namespace std; int main() { int a=2,b,c; double r=22.0,...
On a map where each unit represents one kilometer, two marinas are located at P(4,2) and Q(8,12). If a boat travels in a straight line from one marina to the other, how far does the boat travel?
List three (3) examples of the tools and equipment that are used for partial highlighting and foiling.
A steam generator consists of a bank of stainless steel (k = 15 W/m K) tubes having the core configuration of figure and an inner diameter of 13.8 mm. The tubes are installed in a plenum whose...
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
1. Recall the example Beer Prices and Highway Deaths, from the chapter. A doubling of the tax on beer will reduce the number of highway deaths among young adults by_______ percent. 2. Recall the...
1. Recall the example Beer Prices and Highway Deaths, from the chapter. A doubling of the tax on beer will reduce the number of highway deaths among young adults by_______ percent. 2. Recall the...
1. Recall the example Beer Prices and Highway Deaths, from the chapter. A doubling of the tax on beer will reduce the number of highway deaths among young adults by_______ percent. 2. Recall the...
Pumped Up Company purchased equipment from Switzerland for 158,000 francs on December 16, 20X7, with payment due on February 14, 20X8. On December 16, 20X7, Pumped Up also acquired a 60-day forward...
Choose the following terms to define and state the significance : 1. Canadian Human Rights Act 2. Constitutional Law 3. Negative Rights 4. Human Dignity 5. Affirmative Action 6. The Charter of Rights...
What happens if there's something wrong on a person's credit report? Do applicants have a way of checking that information before applying for a job? Explain.

When market price is above equilibrium price, _______. a) market price will rise b) equilibrium price will

Question:

Step by Step Answer:

When the market price is above the equilibrium price c market price ...View the full answer

Microeconomics

Students also viewed these Business questions