Post a New Question

Economics

posted by .

What is the name given to the price set below the equilibrium point by the government?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. microeconmics

    hi guys, im stuck on this question, if anyone can help me out i would really appreciate it ! Q: The market demand and supply curves for an agricultural product are as follows: Qd = 4500-250P and Qs = 200p where quantities are in thousands …
  2. Equilibrium Price 2

    beginning from the point reached in your answer to part b, suppose a fad for bean sprout salad cuts the demand for lettuce, so that people are now willing to only buy half the lettuce, at any given price, that they would have bought …
  3. Economics

    The market demand and supply curves for an agricultural product are as follows: Qd = 4,500 - 250P; Qs = 200P where quantities are in thousands of bushels per annum and price is in dollars per bushel. The government wishes to achieve …
  4. economics

    Q: The market demand and supply curves for an agricultural product are as follows: Qd = 4500-250P and Qs = 200p where quantities are in thousands of bushels per annum and price is in dollars per bushel. the government wishes to acheive …
  5. ECONOMICS

    When does price remain below the equilibrium ?
  6. microeconomics

    . For each event, illustrate the impact on the relevant market and determine what will happen to the equilibrium price and quantity in that market. (40 points – 10 points per line item) Event Market for: Show which curve shifts Equilibrium …
  7. economics

    Q AC MC 1 4 12 2 8 20 3 12 28 4 16 36 5 20 44 6 24 52 7 28 60 8 32 68 9 36 76 suppose that there are 70 firms in operating in the industry. using the MC curve, find out how much output in total is delivered to the market at each price …
  8. economics

    Select a product and for that the government places a mandated price ABOVE the equilibrium price, based on your research how would this affect the market equilibrium, explain your view.
  9. Economics

    Hi, The demand for inflatable garden gnomes is given by P = 300 – 2Q, while the supply of is P= 100 + Q/2. How many garden gnomes are traded in equilibrium?
  10. Economics -- HELP!!!

    posted by Angela on Sunday, May 21, 2017 at 12:33am. In the market equilibrium, with a price of $500 there are 2000 apartments. If the government decides to enact a rent control policy, with a maximum price of $400, it reduces the …

More Similar Questions

Post a New Question