36. In a competitive market, when the price is below the equilibrium level, the price will...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
36. In a competitive market, when the price is below the equilibrium level, the price will be driven upward due to O excess supply O competition among suppliers O government intervention O excess demand O technical inefficiency 36. In a competitive market, when the price is below the equilibrium level, the price will be driven upward due to O excess supply O competition among suppliers O government intervention O excess demand O technical inefficiency
Expert Answer:
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
Posted Date:
Students also viewed these economics questions
-
The current equilibrium price in a competitive market is $100. The price elasticity of demand is 4 and the price elasticity of supply is +2. If an excise tax of $3 per unit is imposed, how much would...
-
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. a. What is its profit?...
-
In a competitive marketing environment for consumer products, manufacturers are not allowed the luxury of raising selling prices to increase profits. This environment makes it difficult to increase...
-
Implement a Digraph data type that represents directed graphs, where the direction of edges is significant: \(\operatorname{addEdge}(v, w)\) means to add an edge from \(v\) to \(w\) but not from...
-
Briefly describe: i) The role of the external auditor. ii) The opinion contained in the audit report. iii) Why external reports are audited.
-
Next, assume that Y is equal to length(m). How would this affect your conclusions your previous answer? If you were tasked with obtaining the best speedup factor possible (i.e., strong scaling),...
-
In a steam condenser, the partial pressure of steam and air are 0.060 bar and 0.007 bar respectively. The condenser pressure is (a) 0.067 bar (b) 0.060 bar (c) 0.053 bar (d) 0.007 bar
-
The Tiny Treasures Company must decide whether to continue selling a line of childrens shoes manufactured on a machine that has no other purpose. The machine has a current book value of $12,000, and...
-
How is the North American wholesale club industry changing? What are the underlying drivers of change and how might those forces individually or collectively make the industry more or less attractive...
-
As the accountant for Runson Moving Company, you are preparing the companys annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A on pages 5-40 to...
-
Not yet answered Marked out of 25.00 g(t) 4, 10, tr 0t
-
Three questions Under the UCC, goods used by a business in performing its function are referred to as Leon borrowed money to purchase a car against the certificate of deposit he has in the bank. Is...
-
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $27.00 per direct labor-hour and 110% of direct...
-
Question No 1: Different information systems used for banking are as follows: (i)Executive information systems (EIS ). It is a computer-based information system that is specifically intended to meet...
-
A company operates 8 hours per shift, two shifts per day, five days a week with 12 hours maintenance per week and other downtime of 2 hours per week. What is the effective capacity in hours per week?
-
For the following cell: Pt | H2 (101kPa) | HCI (0.25 M) | | Sn2(1.50 M), Sn4+ (0.6 M) | Pt 1. Write the cell reaction and calculate the cell potential; (4 marks) 2. Calculate the ratio of...
-
K Assume that in one country in 2005, 12.9 % of the population was 65 or older. By 2050, this percent is expected to be 21.36%. The percent of the population ages 25-34 in 2005 was 13.7%. That age...
-
Suppose that a company has 10.000 outstanding shares in the beginning of the year. On April 1st, the company increases its shares by 6.000. On July 1st, the company increases its shares again, but...
-
Firms A and B are negotiating to conclude a business deal worth $200,000 in total value to the parties. At issue is how this total value will be split. Firm A knows B will agree to a 5050 split, but...
-
A European consortium has spent a considerable amount of time and money developing a new supersonic aircraft. The aircraft gets high marks on all performance measures except noise. In fact, because...
-
In granting (or prohibiting) proposed acquisitions or mergers in an industry, government regulators consider a number of factors, including the acquisitions effect on concentration, ease of entry...
-
Explain the role of robotics and smart factories in manufacturing, services, and supply chains.
-
What is CAD/CAE? Provide one nontextbook example.
-
Research and write a short onetwo page paper on recent advances in robotics and their applications.
Study smarter with the SolutionInn App