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Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labor supplied in the labor markert more workers enter the labor marker?
Wiki User
∙ 14y ago
Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labour supplied in the labour markert more workers enter the labour marker?
Wiki User
∙ 14y ago
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When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
Where quantity demanded equals quantity supplied or no tendency to change?
This is called equilibrium.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
A shortage develop when?
The equilibrium quantity supplied is lower than the actual quantity supplied. The market price is below the equilibrium price.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
What is unique about an equilibrium price?
quantity demanded and quantity supplied are equal
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
Where quantity demanded equals quantity supplied or no tendency to change?
This is called equilibrium.
What is the price called at which the quantity demanded is equal to the quantity supplied?
equilibrium price
What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers is called what?
It is called the equilibrium price.
Where is the location on a graph where supply and demand intersect called?
This is the equilibrium price. Equilibrium price is when quantity demanded equals quantity supplied - i.e. it is the price where everything supplied will be bought, so the market will be cleared.
How would you define equilibrium quantity?
It is a state where quantity supplied by seller and quantity demanded by buyers are equal.
