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3 years ago

Which of the following statements is/are correct for the Market Equilibrium in the model of Supply and Demand?

1 answer:

soldier1979 [14.2K]3 years ago

5 0

The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:

1) stable – if we are there we will stay there, unless outside forces change

2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”

3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price

4) All of the above statements are correct

Answer:

The correct answer is - option 4. all of the above statements are correct.

Explanation:

According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.

If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.

Thus, the correct answer is - option 4. all of the statements are correct

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What is the vice-presidents only constitutional responsibility?

n200080 [17]

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3 years ago

What are different Perspectives on Water Consumption

vichka [17]

Answer:

10 Perspectives on the Future of Water

By Tilde Herrera

June 8, 2011

Image CC licensed by Flickr user Kevin Pelletier

Water today is cheap, poorly managed and becoming increasingly scarce, and what is already a complex issue is only going to get more complicated as the global population continues to swell and the world's aging infrastructure gets older.

Similar to the challenges facing us with climate change, action on water scarcity is torturously slow. But unlike climate change, water shortages are a near-term life-or-death situation. The good news is that the battle isn't going unfought.

On Tuesday, Dow Chemical Co. brought together 60 of the world's leading water experts for a free, fast-moving virtual conference that explored the past, present and future of the global water challenge as part of its The Future We Create initiative. Sixty representatives from industry, academia, nonprofits and other thought leaders each offered back-to-back one-minute messages about water as it relates to people and businesses.

"The key to solving our biggest challenges lies at the intersection of science, collaboration and human ingenuity," Mary Jo Piper, Dow Chemical's public affairs manager, said in an email. "Collaboration is critical -- it requires human interactions and productive conversations based on mutual respect. That's why Dow created The Future We Create conference series -- to provide a meeting ground for leading-edge thinkers and curious minds to learn, share and act for a better future for us all."

We'd be remiss if we didn't ask the question: Is Dow the right company to talk about the future of water? The company has had its own water-related issues, including a dioxin clean-up near its headquarters and lawsuits alleging water contamination. While the company wouldn't comment on pending litigation, it did note that technology from its Water and Processing Solutions unit is being used to produce 22 million cubic meters of water daily around the world. It has also managed to reduce water consumption at its biggest production site by a billion gallons a year, which is fairly impressive by any measure.

In any case, the virtual conference included a wealth of interesting information. Below are some memorable quotes that caught my attention from the program, which is still available online:

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3 years ago

Which country helped the Americans at this battle location by selling up a Naval Fleet of 29 ships from the West Indies to defea

Llana [10]

Answer:

The Battle of the Chesapeake, also known as the Battle of the Virginia Capes or simply the Battle of the Capes, was a crucial naval battle in the American Revolutionary War that took place near the mouth of the Chesapeake Bay on 5 September 1781. The combatants were a British fleet led by Rear Admiral Sir Thomas Graves ... De Grasse hastily prepared most of his fleet for battle—24 ships ...

Explanation:

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3 years ago

The fiscal deficit of the country Zoldova has been increasing at an alarming rate for the last decade. One of the major reasons

Keith_Richards [23]

Question: The fiscal deficit of the country Zoldova has been increasing at an alarming rate for the last decade. One of the major reasons for the worsening fiscal deficit has been indiscriminate government spending which had to be financed by printing more currency. The continuous increase in money supply to finance wasteful government expenditure caused the inflation rate to hit triple digits. With rising instability in the country, the central bank had to redenominate its currency earlier this year. As a result, currency worth 10,000 Zoldovan dollars last year are now worth only 100 Zoldovan dollars. Which of the following is most strongly implied by the information given in the question?

A. Zoldova's GDP reached an all-time low this year.

B. The ability of the Zoldovan dollar to function as a store of value has declined.

C. Personal income tax rates in this country are very low.

D. This is the first time the country has experienced hyperinflation.

E. Generous salaries and perks to government officials accounted for a substantial portion of government spending.

Answer: The ability of the Zoldovan dollar to function as a store of value has declined.

Fiscal deficit is the difference between the total revenue and the total expenditure of a government. It is usually known as the total borrowing needed for a budget to be implemented.

As a result of Zoldovan increasing fiscal deficit, the value of their currency has decreased.

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3 years ago

The United States supported a system that allowed American buisness owners to fund, build, and profit from factories in the nati

Yanka [14]

Answer:

Factory system.

Explanation:

The factory system is a system originally from the Industrial Revolution era. This system allows manufacturers to not only produce goods but also fud, build and reap the profits as well as suffer the loss, whatever results from their efforts.

In this system, entrepreneurs or business owners are given permission to build factories and hire workers, producing goods and distributing them to the market. Not only that, it greatly helped in reducing the various problems arising from the domestic system where business owners had to provide raw materials to various homes to produce goods. In factories, workers will work in a specific place and produce goods there, eliminating the need for a collective workspace.

This system also meant the owners had to reap the profits or suffer the loss incurred, whatever comes.

Thus, the correct answer is the factory system.

4 0

3 years ago