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the equalibirium at which producer gain max profit is called producer equalibirium
Orion Wisoky
fordfocus
do you mean aquarium?
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How does the consumer surplus change as the equilibrium price of a good rises or falls?
As the equilibrium price of a good raises the producer surplus increases as well, and as the equilibrium price falls the producer surplus decreases accordingly.
What are the Important topics of class 12th economics?
consumer & producer's equilibrium, supply&demand,national income & aggregates,determination
What will happen to consumer and producer surplus when a price floor is eliminated?
If the price floor was set below the equilibrium price, then the removal of this price floor would have no effect on producer and consumer surplus. If the price floor was set above the equilibrium price for that product, then prices with shift down again to the equilibrium price. Consumers would want to buy more, and producers would want to sell more, until they reach the equilibrium price and quantity. In other words all surpluses of deficits would eventually disappear.
Do producers tend to favor price floors or price ceilings?
price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus.
When a surplus of a product will arise when price is above equilibrium or below equilibrium?
above equilibrium
Explain the producer's equilibrium?
Explain the producer's equilibrium?
How does the consumer surplus change as the equilibrium price of a good rises or falls?
As the equilibrium price of a good raises the producer surplus increases as well, and as the equilibrium price falls the producer surplus decreases accordingly.
What are the Important topics of class 12th economics?
consumer & producer's equilibrium, supply&demand,national income & aggregates,determination
What will happen to consumer and producer surplus when a price floor is eliminated?
If the price floor was set below the equilibrium price, then the removal of this price floor would have no effect on producer and consumer surplus. If the price floor was set above the equilibrium price for that product, then prices with shift down again to the equilibrium price. Consumers would want to buy more, and producers would want to sell more, until they reach the equilibrium price and quantity. In other words all surpluses of deficits would eventually disappear.
What is an equalibrum?
An Equalibrum is the words Cerebrum and Equilibrium combined together to form a dope hiphop producer. www.myspace.com/equalibrum See for yourself. Now you know..
Do producers tend to favor price floors or price ceilings?
price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus.
What is equilibrium conversion how does it effect design of reactor?
equilibrium conversion is that which is at equilibrium concentration
When a surplus of a product will arise when price is above equilibrium or below equilibrium?
above equilibrium
Two bodies Are in rotational equilibrium if they are at the same temperature?
They are in thermal equilibrium, not rotational equilibrium.
Is a cactus a producer or a consumer?
A producer
The price of peanut butter rises due to a blight on the peanut crop. peanut butter and jelly are complements. What happens to the equilibrium quantity and price of jelly?
(A)Equilibrium price falls, equilibrium quantity increases (B) Equilibrium price rises, equilibrium quantity falls (C) Equilibrium price falls, equilibrium quantity falls (D) Equilibrium price rises, equilibrium quantity rises
What is a characteristic of chemical equilibrium but not physical equilibrium?
Answer it!
