Imperfect markets
A) occur when the buyer or seller has an influence on the price
B) Can't occur if there are many buyers and many sellers
C) Always result in demand exceeding supply
D) Always result in supply exceeding demand
Homework Answers
Option A
Explanation: In a perfect market, neither the buyers nor the sellers can influence the market.
Add Answer to:
Imperfect markets
A) occur when the buyer or seller has an influence on the
price
B)...
Please help with these questions Question 46 0.4 pts When two goods are complements to each...
Please help with these questions
Question 46 0.4 pts When two goods are complements to each other, the cross-price elasticity will O begin by being positive but becomes negative over time. O be negative. be zero. O be positive. O be unaffected by goods being complements. Question 47 0.4 pts An economist's use of experiments and real-world data to test a theory is an example of the scientific method in economics. O comparative advantage. O normative analysis economic growth. macroeconomics....
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1. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct. 2. Which of the following statements is correct? a. Buyers determine supply and sellers determine demand. b. Buyers determine demand and sellers determine supply. c. Buyers determine both demand and supply d. Sellers determine both demand and supply 3. The demand for a good...
please answer these. Thank you. 29. When a tax is placed on the buyers of coffee,...
please answer these. Thank you.
29. When a tax is placed on the buyers of coffee, the buyers bear the entire burden of the tax b. sellers bear the entire burden of the tax burden of the tax will be always be equally divided between the buyers and the sellers d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal 30. the government wants to reduce...
When binding price ceilings are imposed: a. every seller in the market benefits because of higher...
When binding price ceilings are imposed: a. every seller in the market benefits because of higher prices. b. some buyers will not be able to buy any of the product. c. every buyer in the market benefits because of higher prices. d. the quantity sellers want to sell will equal the quantity buyers want to buy.
Consumer surplus a. is the amount a buyer pays for a good minus the amount the...
Consumer surplus a. is the amount a buyer pays for a good minus the amount the buyer is willing to pay for it. b. is represented on a supply-demand graph by the area below the price and above the demand curve. c. measures the benefit sellers receive from participating in a market. d. measures the benefit buyers receive from participating in a market. B. When a tax is placed on a product, the price paid by buyers a. rises, and...
Seller Seller Cost Buyer Buyer Value $32 Charles $4 Stuart Anand $30 Loela $6 $28 Cheryl...
Seller Seller Cost Buyer Buyer Value $32 Charles $4 Stuart Anand $30 Loela $6 $28 Cheryl $8 Sam Mica $26 $10 Lucy Christine Todd $24 $12 Mark $22 Mary $14 Saul Peter $20 $16 $18 Rajeev $18 Sven Jessica $16 $20 Amy Jordan $14 Ramin $22 Kerri $12 $24 Joe 2.5. This graph plots the supply curve for the sellers (orange squares). Add the demand curve by dragging the blue circles to the appropriate points on the graph. Drag the...
C. Lorenz curve. O d. deadweight-loss curve, Question 16 Not yet answered Points out of 2.00...
C. Lorenz curve. O d. deadweight-loss curve, Question 16 Not yet answered Points out of 2.00 Flag question For a competitive market, Select one: O a. a seller can always increase her profit by raising the price of her product. b. a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time O c.if a seller charges more than the poing price, buyers will go elsewhere to make...
1. 2. 3. 4. 5. 6. Submit when finished answering the R button. Due to this being a web course, only scores will...
1.
2.
3.
4.
5.
6.
Submit when finished answering the R button. Due to this being a web course, only scores will be shown, there will be back Question 1 1 pts Willingness to pay measures the value that a buyer places on a good. O is the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept. is the maximum amount a buyer is willing to pay minus the minimum...
1. Buyer-Seller Game. A seller of a used car wants to sell it to a prospective...
1. Buyer-Seller Game. A seller of a used car wants to sell it to a prospective buyer. The seller first decides whether to repair the car hidden defects or not. Then she decides whether to charge a low price pl or a high price Ph. The buyer does not observe sellers' decision about repairing the car. After being offered a price by the seller, he decides whether to buy the car and pay the price or not. The payoff to...
5. a) What are the determinants of Supply? b) What happened to supply curve and equilibrium price and quantity when...
5. a) What are the determinants of Supply? b) What happened to supply curve and equilibrium price and quantity when Government provides subsidy to corn grower. Show graphically and explain by using 4-steps Process. B. Multiple choice questions: 1. At equilibrium price quantity demanded is a greater than quantity supplied b. equal to quantity supplied c. smaller than quantity supplied 2. When demand declines and supply stay the same a. equilibrium quantity rises b. equilibrium quantity declines c. equilibrium quantity...
Please help with these questions
Question 46 0.4 pts When two goods are complements to each other, the cross-price elasticity will O begin by being positive but becomes negative over time. O be negative. be zero. O be positive. O be unaffected by goods being complements. Question 47 0.4 pts An economist's use of experiments and real-world data to test a theory is an example of the scientific method in economics. O comparative advantage. O normative analysis economic growth. macroeconomics....
1. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct. 2. Which of the following statements is correct? a. Buyers determine supply and sellers determine demand. b. Buyers determine demand and sellers determine supply. c. Buyers determine both demand and supply d. Sellers determine both demand and supply 3. The demand for a good...
please answer these. Thank you.
29. When a tax is placed on the buyers of coffee, the buyers bear the entire burden of the tax b. sellers bear the entire burden of the tax burden of the tax will be always be equally divided between the buyers and the sellers d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal 30. the government wants to reduce...
Seller Seller Cost Buyer Buyer Value $32 Charles $4 Stuart Anand $30 Loela $6 $28 Cheryl $8 Sam Mica $26 $10 Lucy Christine Todd $24 $12 Mark $22 Mary $14 Saul Peter $20 $16 $18 Rajeev $18 Sven Jessica $16 $20 Amy Jordan $14 Ramin $22 Kerri $12 $24 Joe 2.5. This graph plots the supply curve for the sellers (orange squares). Add the demand curve by dragging the blue circles to the appropriate points on the graph. Drag the...
C. Lorenz curve. O d. deadweight-loss curve, Question 16 Not yet answered Points out of 2.00 Flag question For a competitive market, Select one: O a. a seller can always increase her profit by raising the price of her product. b. a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time O c.if a seller charges more than the poing price, buyers will go elsewhere to make...
1.
2.
3.
4.
5.
6.
Submit when finished answering the R button. Due to this being a web course, only scores will be shown, there will be back Question 1 1 pts Willingness to pay measures the value that a buyer places on a good. O is the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept. is the maximum amount a buyer is willing to pay minus the minimum...
1. Buyer-Seller Game. A seller of a used car wants to sell it to a prospective buyer. The seller first decides whether to repair the car hidden defects or not. Then she decides whether to charge a low price pl or a high price Ph. The buyer does not observe sellers' decision about repairing the car. After being offered a price by the seller, he decides whether to buy the car and pay the price or not. The payoff to...
5. a) What are the determinants of Supply? b) What happened to supply curve and equilibrium price and quantity when Government provides subsidy to corn grower. Show graphically and explain by using 4-steps Process. B. Multiple choice questions: 1. At equilibrium price quantity demanded is a greater than quantity supplied b. equal to quantity supplied c. smaller than quantity supplied 2. When demand declines and supply stay the same a. equilibrium quantity rises b. equilibrium quantity declines c. equilibrium quantity...
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