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What is the shape of offer curve and what is the reason behind this particular shape of offer curve?
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
What is the shape of supply curve during the market period?
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
What factors determine the shape of the long run supply curve in perfect competition?
The shape of the long run supply curve in perfect competition is determined by factors such as technology, input prices, and economies of scale. These factors influence the ability of firms to produce goods efficiently and at different levels of output, which in turn affects the overall shape of the supply curve.
Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph?
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
What is shape of indifference curve?
what will be the shape of indifference curve if one of the two goods is a free commodity
What is the shape of offer curve and what is the reason behind this particular shape of offer curve?
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
What is the shape of supply curve during the market period?
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
What factors determine the shape of the long run supply curve in perfect competition?
The shape of the long run supply curve in perfect competition is determined by factors such as technology, input prices, and economies of scale. These factors influence the ability of firms to produce goods efficiently and at different levels of output, which in turn affects the overall shape of the supply curve.
Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph?
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
What shape is a Cooling curve graph?
A Cooling curve graph changes shape.
What is shape of indifference curve?
what will be the shape of indifference curve if one of the two goods is a free commodity
What causes abnormal supply curves?
Abnormal supply curves are typically caused by factors that disrupt the usual relationship between price and quantity supplied. These factors can include sudden changes in input costs, such as unexpected increases in raw material prices or disruptions in the supply chain. Other causes may include government regulations, technological advancements, or natural disasters that impact the production process and alter the supply curve's shape and slope. Overall, abnormal supply curves reflect temporary or long-term shifts in supply conditions that deviate from the standard supply curve model.
Why bh curve is curve?
i believe it's called 'curve' because of the shape, it's curved ...
What is the shape of marginal revenue curve if the total revenue curve have concave shape?
my name is sheela sheela ki jawani
What is a banana ears?
A term used to refer to a particular ear set in llamas where the ears come up and curve inwards similar to the shape and size of a banana
What is the shape of the 8kms curve?
an ellipse
Is the value of mean equals 35.4 and value of median equals 35 the shape of the curve skewed is?
the shape of the curve skewed is "right"
