Answer: Equilibrium price
The equilibrium price is that price at which the quantity of products supplied by producers is exactly equal to the quantity demanded by consumers.
In economic theory, the market forces of demand and supply generally tend to drive prices to the equilibrium.
If the price of product is too low, then excess demand for that product will drive prices higher until quantity demanded is exactly equal to quantity supplied. Conversely, if the price of a product is too, high, there will be no demand and the price falls until quantity demanded is exactly equal to quantity supplied and reaches a new equilibrium.
Answer:
The correct option is (C)
Explanation:
Efficiency wages are higher than market wages that are paid by employers to motivate employees so that they perform better and their efficiency and productivity increase. Efficiency wages are directly proportional to productivity. The more the efficiency wage, higher will be labor productivity.
Efficiency wages are lie above equilibrium level. It helps in reducing labor turnover, improve labor efficiency and attract skilled employees.
Answer:$22.50
Explanation: I took the quiz and got it right
Answer:$23598000
Explanation:
14.8% of 171,000,000= 25,308,000
Less 1% of 171,000,000= 1,710,000
= ......... .