Markets sometimes fail to exist because of________?

Related Mcqs:

Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?

A. price will decrease, quantity is ambiguous B. The impact on both price and quantity is ambiguous. C. Price will increase, quantity will increase D. price will increase, quantity will decrease E. price will increase, quantity is ambiguous....

A natural monopoly has a declining _______ over a large range of output?

A. long run marginal cost B. short run marginal cost C. long run average cost D. long run marginal cost...

Taxes creates a wedge between the sales price and purchase price that prevents the price system equating ____ and ______?

A. marginal costs, marginal benefits B. demand, supply C. marginal cost, marginal revenue D. marginal cost, average 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...

An example of an indirect tax is ?

A. VAT B. inheritance tax C. income tax D. a tax on profits...