Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

Related Mcqs:

Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

A. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall. B. the equilibrium quantity to rise and the equilibrium price to rise C. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous D. the equilibrium quantity to rise and the equilibrium price to … Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more...

It is necessary to ration a good whenever ?

A. supply exceeds demand B. a surplus exists C. there is perfectly inelastic demand for the good D. demand exceeds supply...

We cannot say whether one allocation of resources is better than another allocation because ?

A. some people can’t count B. some people may not be permanent resident C. not all economic activity is legal D. We can’t make value judgments to compare different people’s welfare...

A positive externality occurs when ?

A. The social marginal costs are higher than the private marginals costs B. A product is not provided in the free market C. The social marginal cost equal the social marginal benefit D. The social marginal benefits are higher than the private marginal benefits...

In Nash equilibrium each player chooses the best strategy ?

A. Assuming other players move first B. dominated by the other players C. given the strategies of other players D. that is a credible threat...