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How do you determine the demand and supply functions of a market given the price and quantity?
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When quantity supply and quantity demand are not the same in a market?
disequalibrium. (sp?) damn commies..
How does the market determine the price and the quantity supplied in demand?
it depends upon the demand of the people.... if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good.
What changes the equilibrium quantity to change?
It changes when the market demand and or market supply changes.
What does a market demand schedule show?
A market demand schedule is a table that lists the quantity of a good all consumers in a market will buy at each different price.
When a particular market the law of demand and the law of supply both apply the imposition of a binding price ceiling in that market causes?
When, in a particular market, the law of demand and the law of supply both apply, the imposition of a binding price ceiling in that market causes quantity demanded to be greater than quantity supplied.less than quantity supplied.equal to quantity supplied.Any of the above is possible.
What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What are the differences between a market in equilibrium and a market in disequilibrium?
equilibrium is the responsiveness of quantity demand to a change in price.
In a graph of price vertical axis verses quantity horizontal demand is downward sloping because?
market demand
What is supply and what is demand?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
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.
What two factors determine market structure?
demand and supply
Is the degree of responsive with which quantity demanded changes due to changes in the price of a product?
Yes. Imagine you are in the market to buy a sports car. A $100 increase in price is not likely to affect the quantity you will demand. However, if you are in the market for bananas a $100 increase in price will definitely affect the quantity you will demand.
