What happens in a market if the current price is above the equilibrium price? What happens if

Question:

What happens in a market if the current price is above the equilibrium price? What happens if the current price is below the equilibrium price?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

See More Books

Question Posted: Nov 01, 2017 06:45 AM

See More Questions

Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip. If the current price is $55 per chip, then there will be ______________ of memory chips. a. A shortage. b....
If the current price in the bond market is above the equilibrium price, explain how the bond market adjusts to equilibrium.
Fooling Company has a 10 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 5 years, and a call premium of $100. What is the yield to call (YTC)...
Construct the general solution of x ' = Ax involving complex eigenfunctions and then obtain the general real solution. Describe the shapes of typical trajectories. =[ A = 3. -2 1]
Fieval Leasing Company signs an agreement on January 1, 2010, to lease equipment to Reid Company. The following information relates to this agreement. 1. The term of the non-cancelable lease is 6...
A small airplane has an airspeed (speed with respect to air) of 200 km/h. Find the time for the airplane to travel 1000 km if there is (a) No wind, (b) A headwind of 35 km/h, and (c) A tailwind of 35...
Suppose you get a job at MobileTV, a small manufacturer of TV sets installed in cars and boats. Business has declined recently, foreign rivals from emerging markets are increasing competition, and...
Barium has a work function of 2.48eV. What is the maximum kinetic energy of electrons if the metal is illuminated by UV light of wavelength 365nm? What is their speed?
Following are the capital account balances for the William Jennings, and Bryan partnership: William (408 of gains and Losses) Jennings (403) Bryan (208) $ 290,000 240,000 220,000 Darrow invests...
GENERAL INSTRUCTIONS: You will execute multiple regression models using data in the worksheets, "Time Series Data" and "Cross Sectional Data." For all regressions, you will use the same dependent...
What do economists mean by shortage? By surplus?
In The Wealth of Nations, Adam Smith discussed what has come to be known as the "diamond and water paradox": Nothing is more useful than water: but it will purchase scarce anything; scarce anything...
The structure of caffeine, present in coffee and many soft drinks, is shown here. How many pi bonds are present in caffeine? How many sigma bonds? Insert the lone pairs in the molecule. What kinds of...
Which of the five hazardous attitudes do you display most frequently? What can you do to minimize the presence and impact of these attitudes in your life?
What brought you to this course? How do you define Black or Blackness? What do you hope to get out of this class? When you think of Black Culture, what is the first thing that comes to mind? [For...
1. What is XBRL Taxonomy? How do you as a preparer of financial statement use the XBRL Taxonomy in locating a label for a specific financial element? 2. What are the benefits of adopting XBRL from...
What a business can do to protect and minimize the invasion of privacy for their customers? Think of your experience when visiting a website. What do most websites have you agree to before you do...
Based on your interest, skill set, or goals what do you typically contribute when working in groups? What do you need others to contribute due to your lack of interest, skill set, or goals? How do...
Use the discriminant to determine whether each quadratic equation has two unequal real solutions, a repeated real solution, or no real solution, without solving the equation. x 2 + 4x + 7 = 0
Complete the equations for the following equilibria and calculate Keq where the Keq expression includes [HO]. Be sure to enter Keq in proper scientific notation. (a) ammonia (acting as a base) reacts...
In the graph on the following page, consider the marginal revenue of the eleventh unit sold. When the firm cuts the price from $5.00 to $4.75 to sell the eleventh unit, what area in the graph denotes...
Suppose a firm producing table lamps has the following costs: Quantity Average Total Cost 1,000..............................................$15.00...
Suppose a firm producing table lamps has the following costs: Quantity Average Total Cost 1,000..............................................$15.00...
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...

What happens in a market if the current price is above the equilibrium price? What happens if

Question:

Step by Step Answer:

If the current price is above equilibrium the quantity supplied will be greate...View the full answer

Economics

Students also viewed these Micro Economics questions