economics sandeep garg answers?
market for a good is in equilibrium. Supply of a good decreases. Explain the chain effects of this change.Use diagram
Suppose the demand and supply curves of salt are given by:
qD = 1,000 − p qS = 700 + 2p
(a) Find the equilibrium price and quantity.
(b) Now, suppose that the price of an input that used to produce salt has increased so, that the new supply curve is
qS = 400 +2p
How does the equilibrium price and quantity change? Does the change conform to your expectation?
(c) Suppose the government has imposed a tax of Rs 3 per unit of sale on salt. How does it affect the equilibrium rice quantity?
how is the supply of a commodity affected by change in the price of other commodities?
explain how the equilibrium price and quantity of a commodity are affected by a fall in the price of its substitutes?
equilibrium price of an essential medicine is too high . explain what possible steps can be taken to bring down the equlibrium price but only through the market forces . also explain the series of changes that will occur in the market
why does ac cuts mc at its lowest point?
what is the difference between floor price and price ceiling?CAN YOU PLEASE GIVE THE BASIS OF DIFFERENCE ?
study the advertisement in television media of fmcg such as lux along with 5 positive and five negative aspects of that advertisement. it has to be the written analysis of the add that comes in t.v along with 5 positive and negative effects of that add on t.v
the chain of effects of this change. Use diagram.
Explain how price is determined in a perfectly competitive market with fixed number of firms.
What will happen if the price prevailing in the market is
(i) above the equilibrium price?
(ii) below the equilibrium price?
explain classification of oligopoly market ?
economics sandeep garg answers?
market for a good is in equilibrium. Supply of a good decreases. Explain the chain effects of this change.Use diagram
Suppose the demand and supply curves of salt are given by:
qD = 1,000 − p qS = 700 + 2p
(a) Find the equilibrium price and quantity.
(b) Now, suppose that the price of an input that used to produce salt has increased so, that the new supply curve is
qS = 400 +2p
How does the equilibrium price and quantity change? Does the change conform to your expectation?
(c) Suppose the government has imposed a tax of Rs 3 per unit of sale on salt. How does it affect the equilibrium rice quantity?
how is the supply of a commodity affected by change in the price of other commodities?
explain how the equilibrium price and quantity of a commodity are affected by a fall in the price of its substitutes?
equilibrium price of an essential medicine is too high . explain what possible steps can be taken to bring down the equlibrium price but only through the market forces . also explain the series of changes that will occur in the market
why does ac cuts mc at its lowest point?
what is the difference between floor price and price ceiling?
CAN YOU PLEASE GIVE THE BASIS OF DIFFERENCE ?
study the advertisement in television media of fmcg such as lux along with 5 positive and five negative aspects of that advertisement. it has to be the written analysis of the add that comes in t.v along with 5 positive and negative effects of that add on t.v
the chain of effects of this change. Use diagram.
Explain how price is determined in a perfectly competitive market with fixed number of firms.
What will happen if the price prevailing in the market is
(i) above the equilibrium price?
(ii) below the equilibrium price?
explain classification of oligopoly market ?