If you were a seller, why would you want to limit supply either by keeping out
Question:
If you were a seller, why would you want to limit supply – either by keeping out new entrants or by establishing production quotas for everyone? Show this graphically. And why would you hate that if you were a consumer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (18 reviews)
Supply declines from S 1 to S 2 price rises from P 1 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If you were a shareholder in Interface Carpeting, would you be happy with the program and policies that Ray Anderson has put into place? Why or why not?
-
You are the bookkeeper at a small merchandising firm. You are comparing the income statements from the last three years. You notice that the Purchases Returns and Allowances account ( as a percentage...
-
1. Describe the fraud that allegedly occurred through Sino-Forest Corporation Inc.? Who benefited and how? 2. Why didnt regulators prevent this fraud from occurring? What were they relying on? 3. Why...
-
Reynolds number is: i. a dimensionless quantity ii. inversely proportional to viscosity of liquid iii. directly proportional to velocity of liquid iv. used for quantifying the laminar or turbulent...
-
Michelin Tires would like to estimate the average tire life of its Latitude Tour tire in terms of how many miles it lasts. Determine the sample size needed to construct a 98% confidence interval with...
-
The distance of a lightbulb from a large plane mirror is twice the distance of a person from the plane mirror. Light from the bulb reaches the person by two paths. It travels to the mirror at an...
-
e What browsers do you want to support? Internet Explorer? Mozilla? Firefox? Others?
-
Describe the role of International Standards on Auditing. What is the relationship between International Standards on Auditing and U.S. Generally Accepted Auditing Standards?
-
CHARACTERISTIC CHECK THE SPACE THAT DESCAIRES THE DEGREE IU WHILH Taste of iood Nortasy Expensive Inexpensive Broad - Variety of me The question in the figure above illustrates which type of question...
-
Mr. Lang, on his deathbed, writes his will on a piece of notepaper, signs it, and delivers it to his sister for safekeeping. Does the statute govern the validity of this will?
-
What are some of the reasons why the U.S. employer-based healthcare system is relatively inefficient? How does the Affordable Care Act of 2010 seek to address these issues? What makes this...
-
How could an economic crisis in Southeast Asia cause the price you pay for gasoline to fall? Show this graphically.
-
Find the limit or show that it does not exist. lim Vx? + 1 -2
-
4. What is the time complexity of the following procedure for in/2 to n do j 2 end for while (j
-
If the concentration of a constituent in the influent to the equalization basin is constant over the 24 h period, will the load of the constituent from the basin be constant? If the concentration of...
-
A three-phase transmission line of a 60 Hz circuit has a length of 370 km (230 miles). the conductors are of the 795,000cm (54/7) type with horizontal spacing of 25 feet between them. The load on the...
-
Simulate rolling a dice using Math.random() . Your roll function should allow the caller to specify any number of sides, but default to 6 if no side count is given: roll() assumes a 6 sided dice,...
-
Drama Read the excerpt from a play. Then, answer the question(s). (1) (2) Belle: Having trouble deciding what will make you look like both a power to be reckoned with and a fetching young lady while...
-
There is a great deal of interest in carbon emissions because of global warming. The World Bank produces data on carbon emissions by country in a variety of forms. It is found at...
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
What does the stability of a companys net profits depend on?
-
1. A country has a comparative advantage if it has a lower ________ cost of producing a good 2. The terms of trade is the rate at which two goods can be ________ for one another. 3. Suppose a country...
-
1. A country has a comparative advantage if it has a lower ________ cost of producing a good 2. The terms of trade is the rate at which two goods can be ________ for one another. 3. Suppose a country...
-
1. A country has a comparative advantage if it has a lower ________ cost of producing a good 2. The terms of trade is the rate at which two goods can be ________ for one another. 3. Suppose a country...
-
Eye Deal Optometry leased vision - testing equipment from Insight Machines on January 1 , 2 0 2 4 . Insight Machines manufactured the equipment at a cost of $ 2 0 0 , 0 0 0 and lists a cash selling...
-
help! ee all photos + Add to o e D C N X Edit & Create Share Table of Contents No sales to an individual customer accounted for more than 10% of revenue during any of the last three fiscal years. Net...
-
Business law A person may have the liability of a partner even though no partnership exists True False
Study smarter with the SolutionInn App