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If sellers expect the price of a good to rise in the future what are they likely to do?
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What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future?
Store the goods until the price rises and then try to sell them.
Which is most likely to change a buyers market into a sellers market?
The price of building materials suddenly going up.
What situations is most likely to change a buyers market into a sellers market?
The price of building materials suddenly going up.
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
When a binding price floor is imposed on a market to benefit sellers?
some sellers benefit and some sellers are harmed.
What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future?
Store the goods until the price rises and then try to sell them.
What do dealers do if they expect the price of goods they have to increasein near future?
C. store the goods until the price rises
Which is most likely to change a buyers market into a sellers market?
The price of building materials suddenly going up.
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
What situations is most likely to change a buyers market into a sellers market?
The price of building materials suddenly going up.
When a binding price floor is imposed on a market to benefit sellers?
some sellers benefit and some sellers are harmed.
What is the difference between price ceiling and price floor?
price ceiling: A legally determined maximum price that sellers may charge.price floor: A legally determined minimum price that sellers may receive.
What should you do if you expect the price of goods and services to increase the future?
Try to get a good job, bond well with the manager, and ask for a payraise.
Buyers and sellers who have no influence on market price are referred to as what?
They are referred to as price takers.
What signal guides the decisions of buyers and sellers?
Price
The equilibrium price or market clearing price is the price where the intentions of buyers and sellers match. True or False?
True
What can one expect to pay for WII Cars game?
On Amazon, Wii Cars games range in price from $15 all the way to $55. The games that are in the $55 area are likely to be far overpriced. Be sure to check out the other sellers that offer the game for much less. There is a wide variety of Disney Cars games for the Wii on Amazon.
