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Price Qs Qd Surplus or
If the price of a good is below the equilibrium price,
a. there is a surplus and the price will rise. b. the quantity demanded is
1 answer
asked by
unknown 2.0
34 views
If the domestic price in country A is higher than the world price before trade, how does introducing international trade affect
1 answer
41 views
If the price of a good is above the equilibrium price,
a. there is a surplus and the price will fall. b. there is a surplus and
1 answer
asked by
unknown 2.0
30 views
Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price
0 answers
asked by
Cally
577 views
Given the supply equation: Ps = 50 + 5Qs and demand equation: Pd = 120 – 3Qd
• Calculate • i) The price at equilibrium •
1 answer
108 views
Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum
legal price for widgets to $4,
1 answer
asked by
Shawn
1,508 views
Given a demand fxn of 20-2P and a supply fxn of -4+P for a perf. competitive market:
1. Calculate the equilibrium price and qty.
2 answers
asked by
Anonymous
630 views
Given a demand fxn of 20-2P and a supply fxn of -4+P for a perf. competitive market:
1. Calculate the equilibrium price and qty.
0 answers
asked by
Eco
494 views
must consumers' surplus equal producers surplus at equilibrium price ?explai ur answer.(very short explanation)
1 answer
asked by
tapos mitra
635 views
As price falls along the elastic portion of a linear demand curve, _______ decrease while _______ increase.
Answers. A. only
1 answer
asked by
cymber
1,580 views