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Why does the time it takes to reach equilibrium vary from market to market?
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∙ 11y ago
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Define consumer equilibrium?
It is atime when a person reach the maximum point of satisfaction after consume more a certain commodity at a time.
How would it be possible to observe a decrease in both the equilibrium price and quantity in the market at the same time?
A fall in demand will result in the decrease of both equilibrium price and quantity. A fall in demand( a leftward shift in the demand curve) will result in the decrease of both equilibrium price and quantity.
When does excess supply occur?
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
Why do fads often lead to shortages at least in the short terms?
Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to increase to reach a new equilibrium point.
What forces determine the equilibrium wage?
The critical time is a politent of social workers.
What generalizations about an equilibrium constant can be made if the value for K is large?
It will take a short time to reach equilibrium It will take a long time to reach equilibrium The equilibrium lies to the right The equilibrium lies to the left Two of these One of those answers...
Does it take 215 or 2000 or 2000000 or 20000000 for the sun to reach the earth?
The Sun won't reach the Earth any time soon.The sunlight takes 8 minutes to reach the Earth.The Sun won't reach the Earth any time soon.The sunlight takes 8 minutes to reach the Earth.The Sun won't reach the Earth any time soon.The sunlight takes 8 minutes to reach the Earth.The Sun won't reach the Earth any time soon.The sunlight takes 8 minutes to reach the Earth.
Does increasing membrane permeability affect the time it takes for the osmometer to reach equilibrium?
It should. The permeability of a membrane defines how fast substances move across a membrane from a high concentration environment to the lower concentration environment. The more permeable the membrane the sooner equilibrium is reached when the concentrations on both side are the same.
How much time it takes to reach out-space to the space shuttle?
The space shuttle takes approximately 1 month to reach space.
What is the explanation for the pattern known as punctuated equilibrium?
Punctuated equilibrium predicts that a lot of evolutionary change takes place in short periods of time tied to speciation events.
Why a reaction needs to take place at equilibrium?
Many chemical reactions, like combustion , go to completion and not to equilibrium. It is normally desirable to give a chemical reaction time to reach equilibrium in order you get the maximum yield of one or more products.
The is the time it takes for one full vibration of a particle in a medium.?
Vibrations are oscillations that occur about an equilibrium point. The "period" is the time it takes for one full vibration of a particle in a medium.
How much time it takes to reach London from karachiby air?
How much time takes India from London by air
Define consumer equilibrium?
It is atime when a person reach the maximum point of satisfaction after consume more a certain commodity at a time.
Why is the puddle underneath the melting ice cube as cold as the ice cube itself?
The answer is that the system is in 'equilibrium'. More exactly thermal equilibrium. Ice and Water can both form at 0C and 1 ATM. When two things are touching, they are at equilibrium with each other. Since the ice cube has had enough time to melt, it has had enough time to reach equilibrium with the water and is at 0C.
Why is the puddle underneath a melting ice cube as cold as the ice cube itself?
The puddle underneath a melting ice cube is as cold as the ice cube because the water molecules that form the puddle still have low kinetic energy due to the loss of energy required for melting the ice. This means they remain at a low temperature, similar to the ice cube, until they absorb more energy from the surroundings to warm up.
Compare gradualism to punctuated equilibrium?
Gradualism is when a change takes place over time. Punctuated equilibrium is when nothing changes for a very long time, then suddenly something new appears, after which another long period of no change occurs.
