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How is price determined under imperfect market?
Remember under this market there's a government intervention.the Government determine the prices of the market by using the minimum(the minimum that the market can charge) and maximum wage(Maximum that the market can charge)
What happens to the open market operations during inflation?
sell more government bonds
What happens to the total surplus in a market when the government imposes a tax?
Total surplus decreases.
What happens when government imposes price ceilings and floors in a market?
efficiency
What is minimum price legislation?
The minimum price legislation is the commodity sold at any price price below the one stated example government or authorities. The intention is to protect the supplier at times when the market id at equilibrium and price tends to fall (due surplus). To be effective, a minimum price must be set above prevailing current market equilibrium price. Also there should be no cheating.
How is price determined under imperfect market?
Remember under this market there's a government intervention.the Government determine the prices of the market by using the minimum(the minimum that the market can charge) and maximum wage(Maximum that the market can charge)
What happens to the open market operations during inflation?
sell more government bonds
What happens to the total surplus in a market when the government imposes a tax?
Total surplus decreases.
Which of the following is another term for a market economy?
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
What happens when government imposes price ceilings and floors in a market?
efficiency
Which Indian company charge minimum brokerage in stock market?
Which indian company charge minimum brokerage in stock market?
Is the Italian economy a market economy or a command economy?
Italy's economy may have strong government regulation, but it is first and foremost a MARKET ECONOMY because firms choose their own levels of production, not the Italian government (which would be the case in a command economy).
What happens when a company goes public?
It begins selling shares of stock in a public stock market
Is the USSR's government a free market economy government?
yes it is a free market government
What is minimum price legislation?
The minimum price legislation is the commodity sold at any price price below the one stated example government or authorities. The intention is to protect the supplier at times when the market id at equilibrium and price tends to fall (due surplus). To be effective, a minimum price must be set above prevailing current market equilibrium price. Also there should be no cheating.
Is minimum price is market price?
yes
What happens when the government increases the money supply?
There several things that happen when the government increases the money supply. This may cause inflation as there will be more money in the market than goods.
