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Which market structures has a kinked demand curve in economics?
Wiki User
∙ 11y ago
oligopoly
Wiki User
∙ 11y ago
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Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
What does AMD stands for in economics?
Annual market demand
What is equilibrium price in economics?
It is the price where demand equals supply in a competitive market.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
What does AMD stands for in economics?
Annual market demand
What is equilibrium price in economics?
It is the price where demand equals supply in a competitive market.
What is static equilibrium in economics an show it graphically?
a market in which demand and supply are the same
How Market is made up off in Economics?
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
What is the Price elasticity of demand in each of the four market structures perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What do you study in Economics in VCE?
The Australian Market system and basic economic concepts such as demand and supply.
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
What is the Economic concept necessitating choices and priorities in any society?
Free market economics are based on minimal state intervention into commerce and innovation. Free market economics allow for choice and the market itself setting priorities of supply responding to consumer demand.
What kind of table lists the quantity of goods a person buys at different prices?
It's the Demand Schedule. - You're WelCUM - Source from Economics Book
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
