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What happens to price when a shortage exists?
Consumers bid up the price.
Market clearing price?
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
What is a price searcher in economics?
A monopolist is a Price Searcher. A price searcher is a seller (buyer) that can influence price by the amount that he or she sells (buys). In contrast to a price taker, a price searcher can raise its price and still sell its product, although not as many units as it could sell at a lower price. Firms in price-searcher markets are free to set price, but face strong competitive pressure, their competitions exists from existing firms and potential rivals. An alternative term for such markets is monopolistic competition. I found that price searchers produce differentiated products, products that differ in design, dependability, location, ease of purchase, etc.
If an excess quantity of labor demanded exists in an unrestricted market there is an inclination for?
Price to fall.
What is an alternative system for distributing goods and services other than price?
barter system
What alternative exists to price system What challenges does this alternative present?
An alternative to the price system is a command economy, where the government makes decisions about resource allocation and production. This system can lead to inefficiencies, as it may not accurately reflect consumer preferences or demand, resulting in shortages or surpluses. Additionally, it can stifle innovation and competition, as central planners may lack the necessary information to make optimal choices. Overall, while a command economy can ensure equitable distribution, it often struggles with responsiveness and flexibility compared to market-driven systems.
What alternative exists to the price system What challenges does this alternative present?
An alternative to the price system is a command economy, where central authorities make decisions about production and distribution rather than relying on market forces. Challenges of this system include inefficiencies due to lack of competition, difficulties in accurately assessing supply and demand, and potential for bureaucratic corruption. Additionally, it can stifle innovation and individual initiative, leading to lower overall economic growth.
What happens to price when a shortage exists?
Consumers bid up the price.
Describe alternative ways of organizing the information systems function in a business?
describe alternative ways of organising the information systems function in a business
Who is the god of entusiasm?
No such god exists in my informatiom systems.
Market clearing price?
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
What alternative exists to the price systemwhat challenges does this alternative present?
An alternative to the price system is a centrally planned economy, where the government makes decisions about production and distribution rather than relying on market forces. This approach can lead to inefficiencies, such as a lack of responsiveness to consumer needs and preferences, and can result in resource misallocation. Additionally, central planning can stifle innovation and competition, as it often lacks the incentives that drive improvements in a market-driven system. Balancing control with flexibility remains a significant challenge in such economies.
How do we Compare features of alternative OS and Win XP?
One of the alternative Non-Microsoft Operating systems.
What types of government systems exists in Canada?
i dont rlly no
What alternative treatments are there for dysentery?
such alternative systems as traditional Chinese medicine (TCM) and Ayurvedic medicine developed treatments for it.
What is an alternative to R12 freon?
Most systems can be retrofitted to R134a
What is a price searcher in economics?
A monopolist is a Price Searcher. A price searcher is a seller (buyer) that can influence price by the amount that he or she sells (buys). In contrast to a price taker, a price searcher can raise its price and still sell its product, although not as many units as it could sell at a lower price. Firms in price-searcher markets are free to set price, but face strong competitive pressure, their competitions exists from existing firms and potential rivals. An alternative term for such markets is monopolistic competition. I found that price searchers produce differentiated products, products that differ in design, dependability, location, ease of purchase, etc.
