If the price of good is equal to the equilibrium price ?

Related Mcqs:

A decrease (leftward shift) in the supply for a good will tend to cause ?

A. an increase in the equilibrium price and quantity B. a decrease in the equilibrium price and an increase in the equilibrium quantity C. none of these answers D. a decrease in the equilibrium price and quantity. E. an increase in the equilibrium price and a decrease in the equilibrium quantity...

With a positive externality ?

A. There is under-consumption in the free market B. There is over consumption in the free market C. The government may tax to decrease production D. Society could be made off it less was produced...

The prisoners Dilemma Game demonstrates that ?

A. players are better of to act independently B. monopoly is better than competition C. people will always cheat D. players are better off if they co-operate...

If two firms doing the same thing in the same industry join together, this is known as a ?

A. vertical merger B. horizontal merger C. conglomerate merger D. hostile takeover...

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...