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Because markets cannot adjust instantly, and even if they could they would still adjust constantly. These levels change because the factors of production are constantly changing. Imagine a market for a particular good is in perfect equilibrium - say for cars. Now say that a worker on the factory assembly line that builds that car decides to retire. The factory now must train a new worker, which will cost money, deal with the fact that they aren't as fast or efficient at their job as the previous, more experienced worker, which will cost money, etc etc etc. This simply act by one worker on an assembly line would throw the whole equilibrium out of whack, forcing an adjustment. Now think of all the other things that go on that would affect the assembly of cars.
What else can I help you with?
What describes market prices that change often and to a great degree with dramatic spikes and plunges?
Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.
What is vertical integration?
It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.
Explain collusive oligopoly with example?
Collusive oligopoly occurs when a small number of firms in an industry coordinate their actions to increase their collective profits, often by setting prices or output levels. This can take the form of explicit agreements, like cartels, or implicit understandings. A classic example is the Organization of the Petroleum Exporting Countries (OPEC), where member countries collaborate to control oil production and prices. Such collusion can lead to higher prices for consumers and reduced competition in the market.
What effect does an increase in taxes have on the production of a production?
An increase in taxes on production can lead to higher costs for manufacturers, which may reduce their profit margins. This often results in decreased production levels as companies may cut back on output, limit investment in expansion, or pass costs onto consumers through higher prices. Consequently, this can slow economic growth and potentially lead to reduced employment in affected industries. Ultimately, the overall effect is a potential contraction in supply within the market.
Was OPEC successful in meeting goals?
OPEC has had varying degrees of success in meeting its goals over the years, primarily aimed at stabilizing oil prices and managing production levels among member countries. In periods of high oil prices, OPEC has generally succeeded in limiting output to maintain those prices, but has struggled with compliance among members. During times of oversupply or geopolitical tensions, achieving consensus and effectively managing production cuts has proven more challenging. Overall, OPEC's effectiveness often fluctuates based on external market conditions and internal member dynamics.
What describes market prices that change often and to a great degree with dramatic spikes and plunges?
Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.
What best describes market prices that change often and to a great degree with dramatic spikes and plunges?
Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.
What is the purpose of fund prices?
The purpose of fund prices is to inform the buyer and seller the actual price. The prices usually change often within the same day, like on the stock market.
How much would it cost to send a 4 lbs package to Bulgaria?
That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.
What is vertical integration?
It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.
How much to re-plate nickel on a colt python?
You will need to contact Colt. Prices change often.
Explain collusive oligopoly with example?
Collusive oligopoly occurs when a small number of firms in an industry coordinate their actions to increase their collective profits, often by setting prices or output levels. This can take the form of explicit agreements, like cartels, or implicit understandings. A classic example is the Organization of the Petroleum Exporting Countries (OPEC), where member countries collaborate to control oil production and prices. Such collusion can lead to higher prices for consumers and reduced competition in the market.
How often do the petrol price change?
Petrol prices can change frequently, often on a daily basis, depending on various factors such as crude oil prices, supply and demand dynamics, and local market conditions. In some countries, prices are adjusted every day, while in others, they may change weekly or monthly. Additionally, geopolitical events and seasonal fluctuations can also impact the frequency and magnitude of price changes.
What effect does an increase in taxes have on the production of a production?
An increase in taxes on production can lead to higher costs for manufacturers, which may reduce their profit margins. This often results in decreased production levels as companies may cut back on output, limit investment in expansion, or pass costs onto consumers through higher prices. Consequently, this can slow economic growth and potentially lead to reduced employment in affected industries. Ultimately, the overall effect is a potential contraction in supply within the market.
Was OPEC successful in meeting goals?
OPEC has had varying degrees of success in meeting its goals over the years, primarily aimed at stabilizing oil prices and managing production levels among member countries. In periods of high oil prices, OPEC has generally succeeded in limiting output to maintain those prices, but has struggled with compliance among members. During times of oversupply or geopolitical tensions, achieving consensus and effectively managing production cuts has proven more challenging. Overall, OPEC's effectiveness often fluctuates based on external market conditions and internal member dynamics.
How often do petrol price change?
Petrol prices can change frequently, often daily or weekly, depending on various factors such as crude oil prices, supply and demand dynamics, and geopolitical events. In some countries, prices are adjusted based on local market conditions and government policies. Additionally, retailers may alter prices based on competition and operational costs. Therefore, the frequency of changes can vary by region and market structure.
Which economic indicator because the process of generally declining prices?
The economic indicator that reflects the process of generally declining prices is known as deflation. Deflation occurs when the overall price level of goods and services decreases, often leading to reduced consumer spending and lower production levels. It can be a sign of a weakening economy and may result in increased unemployment and lower business revenues. Central banks often respond to deflation by implementing monetary policies aimed at stimulating economic growth.
