What is equilibrium

Q: n an economy only one combination of goods in productive efficient, is it true? graphically explain…

A: Economics as a subject deals with the study, allocation, and decision-making process of allocating…

Q: Define Equilibrium

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: Describe the factors that can effect demand and supply, what are their impacts on market…

A: The demand (D) refers to the total quantities of a particular product that consumers are willing and…

Q: If the good is an older used version of the IPhone, .e.g. the IPhone 5 which costs less than $100 on…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: How is Consumer demand for products quite different from demand in the business market?

A: Demand:-  Demand is an economic theory that refers to a person's inclination to buy a product or…

Q: Draw a diagram showing how the equilibrium point changes if buyers income increase

A: Answer to the question is as follows:

Q: Market Equilibrium is important to both producers

A: ‘Equilibrium’ refers to the situation where quantity(Q) demanded equals quantity(Q) supplied. The…

Q: How does a supply curve differ from a demand curve and at what point do they intersect?

A: Understanding demand and supply is the very basic of Economics

Q: What happens when price is not allowed to change with market forces?

A: A market force is considered as one of the factors that have some ability to affect change in a…

Q: What's the difference between economic equilibrium and market equilibrium?  Please give the most…

A: What's the difference between economic equilibrium and market equilibrium?  Definition of Market…

Q: b) Briefly answer the following questions When there is an increase in price, then there is a…

A: The quantity demanded of a good refers to the amount of the good the consumers are willing and able…

Q: Do you use water for things that are beyond what is nec- essary to sustain life? What if the price…

A: The economics as a study is used to determine how the resources in the society are used to produce…

Q: u work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them…

A: Elasticity of Demand measures the impact of a change in an economic variable on the amount of a…

Q: Answer the questions below about the Wall St Journal video – How the Pandemic Is Accelerating…

A: "Since you have asked multiple questions, we will solve only first question for you.If you want us…

Q: What is an equilibrium condition? How do we that we have an equilibrium condition?

A: Economic equilibrium is a condition or state in which economic forces are balanced. In effect,…

Q: Quantity In the graph above, suppose equilibrium is at point A. What would cause equilibrium to…

A: E) a decrease in the number of firms

Q: What is an equilibrium conditions? How do we know that we have an equilibrium condition?

A: In economics, consumer wants to maximize its utility and producer wants to maximize its profit. All…

Q: What is Market Mechanism

A: Market mechanism:- The market mechanism is a technique that optimizes the allocation of commodities…

Q: Base on your graph, what do you think are the factors that may affect the demand of the existing…

A: Coca and Pepsi are two big brands of the cold  drink amd beverage industry . They are MNCs and are…

Q: If the price of the good on the vertical axis rises

A: Budget line shift because of change in the level of consumer income. And it become steeper or…

Q: What is equilibrium price and equilibrium quantity in economics.

A: In simple words we can say that a equilibrium price is a price where actually it is a point where…

Q: What is the market equilibrium quantity

A: The market equilibrium is arrived at point where demand is equal to supply.  Here equilibrium…

Q: How can we apply the supply and demand analysis to a competitive market? What is a real-life example…

A: The price mechanism or can be called as the law of demand and supply, is a model that states how…

Q: What is changes in equilibrium? take an example

A: In economics, economic equilibrium is a state in which economic forces like supply and demand are…

Q: Hi! Could someone help me with this? Thank you!!!!!

A: We are authorized to answer three subparts at a time since you have not mentioned which part you are…

Q: 1. Years ago, an apple producer argued that the United States should enact a tariff, or a tax, on…

A: A demand curve shows the connection between the amount demanded and cost in a given market on a…

Q: Why doesn’t the change to equilibrium happen immediately when there is surplus in the market?

A: Demand: It refers to the quantity of a commodity that the consumer is willing and able to purchase…

Q: How price equilibrium is achieved?

A: Concept At the point where the AD and AS curves connect, macroeconomic equilibrium leads to wastage…

Q: What is the equilibrium price and the equilibrium quantity?

A: The equilibrium price is the market cost where the amount of products provided is equivalent to the…

Q: What are factors that affect demand and supply?

A: Demand can be defined as the desire of the commodity backed with sufficient purchasing power and…

Q: Draw a market diagram showing how the equilibrium point changes if buyers income increase

A: Let initial supply and demand curve is as follows

Q: Q.4.1 Read the excerpt in the textbox and use the information to answer the question below: Adapted…

A: Export and Import has direct impact on the value of exchange rate.

Q: How to solve Market Equilibrium?

A: Definition  Market equilibrium – A market equilibrium occurs when the demand for a good is equal to…

Q: How to find the equilibrium

A: Equilibrium is a state of balance in the economy, where the economic forces react to bring stability…

Q: What is law of demand and law of supply

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: What is supply? What are the factors affecting supply of a commodity?

A: In simple words we can say that supply means the actual amount offered for sale per units of the…

Q: Was the apple producer assuming that apples and bananas are substitutes or complements? Briefly…

A: Demand curve for a commodity can shift as a result of a change in price of a related…

Q: What is market equilibrium? Explain with the help of diagram.

A: The demand curve shows the amount of goods and services that a consumer is willing to buy at…

Q: Suppose the following graph shows the supply of and demand for admission to the University of…

A: The markets are the places where the buyers of the goods, services, and other products tend to meet…