0
Which mechanims allocate resources when the price of a good is not allowed to bring suppy and demand into equilibrium?
When the price of a good is not allowed to bring supply and demand into equilibrium, some alternative mechanism must allocate resources. If quantity supplied exceeds quantity demanded, so that there is a surplus of a good as in the case of a binding price floor, sellers may try to appeal to the personal biases of the buyers. If quantity demanded exceeds quantity supplied, so that there is a shortage of a good as in the case of a binding price ceiling, sellers can ration the good according to their personal biases, or make buyers wait in line.
What else can I help you with?
What mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium?
HAHA...well i am too trying to answer that question in the Mankiew book...good luck! lol
Why is the equilibrium price stable and therefore must be allowed to stay?
It must be less than the equilibrium price
What has allowed developing nations today exploit their resources faster than the US did?
The country’s shared their resources
Why did liberals support a free-market economy?
Liberals supported a free-market economy because they believed it promoted individual freedom, innovation, and efficiency through competition. They argued that minimal government intervention allowed for personal choice and entrepreneurship, leading to economic growth and prosperity. Additionally, liberals viewed the free market as a means to allocate resources effectively, responding to consumer demands and fostering social mobility. Overall, they saw capitalism as the best path to achieve both economic and personal liberty.
Why is trade important to a community?
Trade is important to a community because it allowed people to get resources they didn't have in their own area.They would trade their surplus(an extra amount of food).
What mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium?
HAHA...well i am too trying to answer that question in the Mankiew book...good luck! lol
Why is the equilibrium price stable and therefore must be allowed to stay?
It must be less than the equilibrium price
Is it possible that if equilibrium is established it is still equilibrium even if the ring move horizontally away from the force table?
yes. Equilibrium can either be static i.e no movement or dynamic i.e movement is allowed. The main determining factor for equilibrium is that all forces acting at a point or points add up to zero.
Why did the Romans start taking a census?
The Romans conducted censuses to assess population sizes, track demographics, and for taxation purposes. It allowed them to have a better understanding of their citizenry and allocate resources accordingly.
What has allowed developing nations today exploit their resources faster than the US did?
The country’s shared their resources
Did Theodore Roosevelts reforms benefit the nation?
yes because Roosevelt reforms allowed protection for national resources
What resources did Britain have that allowed it lead the industrial revolution?
Coal and the steamengine.
Why are human resources allowed to hire people?
That's their job. Human Resource is the department in charge of resources involving humans.
What did the united states possess that allowed it to mechanize its industries?
The United States possessed the same resources that allowed Britain to mechanize its industries.
Why are native Inuit people allowed to hunt narwhals legally?
because resources
What is a movie about a society not allowed to show emotions one man a soldier finds a puppy and begans to get attached to it but must hide it?
its called "EQUILIBRIUM"
What could be the effect on natural resources when cars trucksand tricycles that emit dark smoke 9smoe belchers0 are allowed to travel?
what will be the effect on natural resources when cars,trucks,and tricycles that emit dark smokes are allowed to travel
