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How taxes and subsidies differ in their effect on the market price and quantity of a good?
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What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
Does a perfectly competitive market demonstrate the need for subsidies and price ceilings?
no
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
When is a shortage in a market?
Quantity demanded is less than quantity supplied.
What is the effect of the interaction of buyers and sellers on the market?
agreement on the price and quantity traded
What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
Does a perfectly competitive market demonstrate the need for subsidies and price ceilings?
no
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
When is a shortage in a market?
Quantity demanded is less than quantity supplied.
In a market system what must take place for quantity demanded to continually be equated with quantity supplied?
In a market system, price fluctuations must occur for quantity demanded to continually be equated with quantity supplied.
If there were a shortage in a market the quantity of the product supplied would be what?
The quantity supplied in a market at some specific price must be less than the quantity demanded for a shortage to occur.
A market shortage exists when .?
quantity supplied is less than quantity demanded
When is there a shortage in a market for a product?
Quantity demanded is less than quantity supplied.
When quantity supply and quantity demand are not the same in a market?
disequalibrium. (sp?) damn commies..
When a particular market the law of demand and the law of supply both apply the imposition of a binding price ceiling in that market causes?
When, in a particular market, the law of demand and the law of supply both apply, the imposition of a binding price ceiling in that market causes quantity demanded to be greater than quantity supplied.less than quantity supplied.equal to quantity supplied.Any of the above is possible.
