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When the market price is above equilibrium price the market price will be driven up by?
A
When market price is above equilibrium price?
When supply and demand are balanced
Where is the consumer surplus located on a graph depicting market equilibrium?
Consumer surplus is located above the market price and below the demand curve on a graph depicting market equilibrium.
What is monopolistic competition mean?
Monopolistic competition is a market structure characterized by many firms that sell products that are similar but not identical, allowing for differentiation. In this environment, firms have some degree of market power, enabling them to set prices above marginal cost. Entry and exit in the market are relatively easy, leading to zero economic profit in the long run. Examples include restaurants and retail clothing stores, where each offers unique variations of a product.
Why price ceiling and price floor is binding?
A price ceiling is binding when it is below the equilibrium price. It is the legal maximum price, so the market wants to reach equilibrium (which is above that) but can't legally. If it were above the equilibrium price it would not be binding because the market would reach equilibrium and the ceiling would have no effect. A price floor is binding when it is above the equilibrium price. You can use similar reasoning to that above. It is the legal minimum price. the market wants to reach equilibrium below that but can't legally.
Do you have to pay taxes on money you received from selling your car to car max?
Only on any part that was considered profit on your part. But there is unlikely to be any of this unless you somehow succeeded in selling it at well above its market value.
What is above-market pricing?
Above-market pricing is pricing a good higher than the current market comparable and what a buyer paid for like products or services. It is inflating the price over what the market dictates.
When the market price is above equilibrium price the market price will be driven up by?
A
What are the release dates for Selling New York - 2010 Above and Beyond 3-6?
Selling New York - 2010 Above and Beyond 3-6 was released on: USA: 14 July 2011
Which are examples of distributed generation?
All of the above
Are examples of distributed generation?
All of the above
Is purchase of boy scout bags of mulch tax deductible?
Only the amount paid above the market value of the mulch is tax deductible. Example, if Scouts is selling it for $15 and Home Depot has it for $10 then you can deduct the $5 diferance from your income.
What are some non examples of troposphere?
The stratosphere and mesosphere are non-examples of the troposphere. The stratosphere is the layer above the troposphere, while the mesosphere is the layer above the stratosphere.
What is correct temperature to keep Nacho Cheese at when selling?
above 140 degrees.
In which country sun never set?
There is no place on the surface of the earth where the sun never sets. As seen from the North Pole, the sun is above the horizon continuously from March 21 until September 21. As seen from the South Pole, the sun is above the horizon continuously from September 21 until March 21.
What are examples of personal identifiable information?
All of the Above
A rise in price above that established by the market causes a what to occur?
A rise in price above market price causes over-supply since demand is lower than supply.
