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Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
What happens when any market is in disequilibrium and prices are flexible?
Market forces push toward equilibrium
Why does the time it takes to reach equilibrium vary from market to market?
It takes time to reach the equilibrium because they don't know what is the "right price" to sell the product. whether prices change quickly or slowly however once they move toward equilibrium shortages and surpluses start to disappear.
How do price changes drive markets toward equilibrium?
They increase or decrease supply or demand
Why do competitive markets move toward equilibrium?
the process by which markets move to equilibrium is so predictable that economists sometimes refer to markets as being governed by the law of supply and demand.
Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
What happens when any market is in disequilibrium and prices are flexible?
Market forces push toward equilibrium
Why is the market always moving toward equilibruim?
The market moves toward equilibrium because of the forces of supply and demand. When there is excess demand for a good or service, prices tend to rise, prompting suppliers to increase production. Conversely, when there is excess supply, prices tend to fall, leading to a decrease in production. This constant adjustment helps bring the market back to equilibrium where supply meets demand.
Why do prices move towards equilibrium in a free market?
Because if a business is profitable, competitors will spring up, thus clustering prices towards the equilibrium. Conversely, if it is not profitable, then prices will move toward the point at which it is, or the business will exit the market.
Why does the time it takes to reach equilibrium vary from market to market?
It takes time to reach the equilibrium because they don't know what is the "right price" to sell the product. whether prices change quickly or slowly however once they move toward equilibrium shortages and surpluses start to disappear.
Is passive equilibrium the same as equilibrium?
No, passive equilibrium refers to a state where a system remains at rest or in a fixed position without external energy input. Equilibrium, on the other hand, is a state in which opposing forces or influences are balanced. Passive equilibrium can be a type of equilibrium but not all equilibriums are passive.
Which way will equilibrium reaction shift if keg is large or small?
If the equilibrium constant (K_eq) is large, it means the products are favored at equilibrium. The reaction will shift toward the products to establish equilibrium. If K_eq is small, it means the reactants are favored at equilibrium. The reaction will shift toward the reactants to establish equilibrium.
What two forces maintain hydrostatic equilibrium in a protostar?
In a protostar, hydrostatic equilibrium is maintained by the balance between gravitational forces and thermal pressure. Gravity pulls the material inward, causing the protostar to collapse, while thermal pressure, generated by nuclear fusion and the heat from the collapsing gas, pushes outward. When these two forces are in balance, the protostar can maintain a stable structure as it continues to evolve toward becoming a star.
When two forces acting on an object are equal they are?
Everything gets pulled down toward the earths center because of this force
How would a change im pressure affect a gaseous system in equilibrium?
A change in pressure in a gaseous system at equilibrium will shift the equilibrium position according to Le Chatelier's principle. If pressure is increased, the equilibrium will shift toward the side with fewer moles of gas to counteract the increase. Conversely, if pressure is decreased, the equilibrium will shift toward the side with more moles of gas. This shift helps the system re-establish equilibrium under the new pressure conditions.
What are the equal and opposite forces acting on your sun to keep it in equilibreum?
The sun is kept in equilibrium by the balancing forces of the outward pressure from the energy of the nuclear reaction of hydrogen into helium and the inward force of gravity. This state is called Main Sequence. However, the sun is not in perfect equilibrium because as the sun's core of hydrogen is depleted, the next layer out of hydrogen will begin undergoing a nuclear reaction, causing the sun to expand.
How do price changes drive markets toward equilibrium?
They increase or decrease supply or demand
