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What is a market clearing price?
A market clearing price is the price at which demand equals supply, so that the market "clears" (i.e., all of the goods supplied find a buyer).
Are all giffen goods a inferior goods?
Yes, but not all inferior goods are Giffen goods!
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
All giffen goods are inferior goods but not all inferior goods are giffen goods?
The phrase "All Giffen goods are inferior goods, but not all inferior goods are Giffen goods" implies that a company called Giffen only creates goods that would be deemed inferior. By contrast, however, it cannot be assumed that any inferior good has been produced by the Giffen company.
Why are all goods and services scare?
What are all goods and services scarce
What consists of all the organizations that acquire goods and services used in the production of other products or services that are sold rented or supplied to other customers?
Business market
What is a market clearing price?
A market clearing price is the price at which demand equals supply, so that the market "clears" (i.e., all of the goods supplied find a buyer).
Why are some questions on WikiAnswers incorrect?
WikiAnswers cannot guarantee that all the answer supplied are correct. This is because contributors from all areas and all walks of life can answer and edit and question, therefore not making all answers 100% correct.
What does Sears Department store sell?
Sears Department Store sells a wide variety of different products. Like other department stores, they have areas with different goods. For instance, they sell home goods, shoes, clothing, and tools all in separate areas.
Which drug cannot be supplied in an emergency?
drugs cannot be supplied at all in an emergency?
Are the goods supplied equal to the goods demanded in a planned economy?
Theoritically seen: when Qs = Qd there is an ideal economic situation for a firm. You would call it a planned economy. However a(n) firm/economy cannot always be planned and thus have (as a result) a market clearing price (aka equilibrium price). So in practice, this theory of a planned economy cannot come true at all. Most economists just call these kinds of economies (where there are a lot of goods demanded equalised to goods supplied) free market ones. Hope it is clear now!
This country in east Africa has all three types of precipitation areas?
Ethiopia
Are all giffen goods a inferior goods?
Yes, but not all inferior goods are Giffen goods!
What is the sum of the areas of all of the faces of a three dimensional figure?
Its total surface area.
How is electricity transferred from grid to all other stations?
The "Grid" is the network of wires, tranformers, and switches that supply electricity to very large areas. By switching current, it can be taken from areas with high production and low demand, and supplied to areas with low production and high demand. Both production and demand change by time of day in different areas.
Who supplied the hutus with weapons?
Countries such as USA, Europe and China all supplied the Hutus with their weapons
What is the the total surface area s?
It is the total of all of the areas on the exterior of a three-dimensional object.
