In the graph below, which price will create the greatest shortage? (Market Equilibrium) In the graph...
In the graph below, which price
will create the greatest shortage?
Homework Answers
We know that as the price increases, the supply increases and the demand decreases and as the price decreases, the supply decreases and the demand increases. So, there will be a greatest shortage when the supply will be least and the demand will be maximum. This is possible when the price is very low. So from the graph given, we can say that at the price of P0, we will have the greatest shortage.
So option 1 is the correct answer.
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In the graph below, which price
will create the greatest shortage?
(Market Equilibrium) In the graph...
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9. Equilibrium in the bond market
The following graph shows a bond market in equilibrium at a bond
price of $5.
Use the following graph input tool to answer the questions that
follow. (Note: You will not be graded on any adjustments you make
to the graph.)
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9. Equilibrium in the bond market
The following graph shows a bond market in equilibrium at a bond
price of $5.
Use the following graph input tool to answer the questions that
follow. (Note: You will not be graded on any adjustments you make
to the graph.)
Suppose the bond price has
changed to $2, creating a ____________( surplus / shortage
) of ______________
million bonds. (Hint: Enter the new price in the “Current Price”
field to see the changes...
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____ # of electric cars, please provide your explanation so that
I can apply it to future problems.
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the __________________. As a result, when a price floor is set, a
very likely outcome is a ______________ in the market.
market equilibrium; surplus
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