The price mechanism cannot ?

Related Mcqs:

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

A. a normal good B. none of these answers C. an inferior good D. a substitute good...

An increase in demand for a product should ?

A. Increase equilibrium price and quantity B. Decrease equilibrium price and quantity C. Increase equilibrium price and decrease quantity D. Decrease equilibrium price and increase quantity...

The reason for the kinked demand curve is that ?

A. The oligopolist believes that competitors will match output increase but not output reduction B. The oligopolist believes that competitors will match price increase but not output reduction C. The oligopolist believers that competitors will match price cuts but not price rises D. The oligopolist believes that competitors will match price increase but not output … The reason for the kinked demand curve is that ?Read More...

The social costs of monopoly power arises because ?

A. marginal cost is set equal to marginal revenue B. price is less than marginal cost C. marginal consumer benefit is less than marginal revenue D. there is too little output at too high a cost...

A shift in demand will have more effect on price than quantity if ?

A. The price elasticity of supply is + 3 B. The price elasticity of supply is + 0.2 C. The price elasticity of supply is + 2 D. The price elasticity of supply is infinity...