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What happens when a government sets a rent control price under equilibrium?
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What happens on equilibrium price when the government impose tax on goods?
if there is equilibrium in the market and the govt. fixes the price then there would be the dead weight loss.
What happens when the equilibrium price is lower than the market price?
When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
What happens to the equilibrium price when the overall price level falls?
When the overall price level falls, the equilibrium price will usually fall, too.
What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?
price rises and quantity increases
What happens on equilibrium price when the government impose tax on goods?
if there is equilibrium in the market and the govt. fixes the price then there would be the dead weight loss.
What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?
Equilibrium price increases
What happens when the market price is lower than the equilibrium price?
When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.
What happens when the equilibrium price is lower than the market price?
When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
What happens to the equilibrium price when the overall price level falls?
When the overall price level falls, the equilibrium price will usually fall, too.
What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?
price rises and quantity increases
What happens to the equilibrium price and equilibrium quantity in a market if the demand curve shifts to the right?
If the demand shift to the right, the equilibrium price and quantity will shift from the initial equilibrium price and quantity to the next, i mean the equilibrium price and quantity will increase as compare to the first.
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 happens if the current price is below the equilibrium?
He or She will be arrested.
What are some examples of how government actions can affect prices and are the prices in equilibrium or disequilibrium before and after the government's actions?
One could be by Rent Control and another of Price Ceiling
What role does the government play in determining some prices?
Markets usually tend toward equilibrium, but in some cases, the government can jump in to control prices. The government can enforce a price ceiling, or a maximum price that can be charged for a good. Or they can form a price floor, or a minimum price that can be charged for a good or service.
