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3 years ago

In microeconomics, what occurs when equilibrium is reached

2 answers:

6 0

<u>In microeconomics, when equilibrium is reached, the prices are set. With the help of price studies, the demand and supply of a particular good also reached equilibrium. </u>

Further Explanation:

Microeconomics:

Microeconomics is the type of economics in which only one good is taking into consideration while studying. In this economics, the market studies only of particular one good. In macroeconomics, all the goods available in the market are taking into consideration. The price, demand, and supply of particular goods can be determined with the help of microeconomics.

Equilibrium:

Equilibrium means the demand and supply of particular goods equal at which the price of particular goods determined. Means the prices are set for particular goods. With the help of prices, we can measure the actual production in the economy and compute the gross domestic product of the economy. With the help of GDP, we can measure the actual growth in the,

In microeconomics, when the demand and supply of particular goods are equal, then the price is determined. Equilibrium demand helps us to know about in the case of price changes, by how much amount is changed. Equilibrium supply helps us to know about in the case of price changes, by how much amount of supply is,It helps in the prediction of future changes in the market.

Learn more:

1. Learn more about demand and supply

<u>brainly.com/question/11220857 </u>

2. Learn more about economies of scale

<u>brainly.com/question/4127663 </u>

3. Learn more about economic elasticity

<u>brainly.com/question/2396092 </u>

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Microeconomics

Keywords: microeconomics, equilibrium, reached, the price, set, demand, and supply of particular goods, equal, gross domestic product.

Anna35 [415]3 years ago

3 0

Prices are set. ☺️☺️☺️☺️

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3 years ago

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv

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Answer:

Change in Excess Reserves $1,350,000

Change in Required Reserves $450,000

Explanation:

Preparation of the table to show the effect of a new deposit on excess and required reserves

Based on the information given since the REQUIRED RESERVE RATIO is 25%, which means that First Main Street Bank will hold 25% of its initial deposit leading to INCREASE in the REQUIRED RESERVE by the amount of $450,000 (25%*$1,800,000) while the remaining 75% (100%-25%) will be the EXCESS RESERVES of the amount of $1,350,000 (75%*$1,800,000).

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3 years ago

Rent control policies tend to cause

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Answer:

The correct answer is d. relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.

Explanation:

Rent control laws set limits on how much landlords can charge rent. The rent control laws specify:

What types of properties qualify for rent control.
How often rent limits can be adjusted.
How rent limits can be adjusted. Most rent control laws link increases in rental limits to an annual percentage of inflation in a local consumer price index.
The conditions when a property is "out of control."
Restrictions on the eviction of the tenant with rent control.

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