Question

In: Economics

how does this related to what economists show us on supply and demand. what potential solution...

how does this related to what economists show us on supply and demand. what potential solution would you provide

Solutions

Expert Solution

Demand and supply intersection create equilibrium, where optimal quantity could be supplied and demanded at the desired price. A market should reach the equilibrium on its own through optimal resources allocation; there should not be any regulator control, but with the interaction of consumers and producers.


Related Solutions

Using supply and demand curves for fossil fuels, show how economists would explain and attempt to...
Using supply and demand curves for fossil fuels, show how economists would explain and attempt to solve the problem of climate change
a) Draw a supply and demand curve for US government bonds. b) Show and explain what...
a) Draw a supply and demand curve for US government bonds. b) Show and explain what the effect expansionary monetary policy, using open market operations, will have on equilibrium. c) Show and explain what the effect of contractionary monetary policy, using open market operations, will have on equilibrium. d) Explain what the Fed should do if the interest rate is below its target rate? Or above?
What is electrical potential? How is it related to electric potential energy? How is it related...
What is electrical potential? How is it related to electric potential energy? How is it related to electric field? How can you calculate the electrical potential?
6. The Elasticity of the Supply of Labor. What is it? How does this affect us?...
6. The Elasticity of the Supply of Labor. What is it? How does this affect us? Give example.
Demand and supply. Show in a diagram the effect on the demand curve, the supply curve,...
Demand and supply. Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price and quantity of each of the following pairs of events. a. The market for hand-sanitizers in New York at the beginning of April 2020. i. The number of Covid-19 cases increases exponentially starting from 1st March 2020; ii. On March 9, 2020 New York State Governor Andrew Cuomo allowed for state production of hand-sanitizers. b. The market for touristic services in...
Use demand and supply curves to show how equilibrium is restored after the supply curve is...
Use demand and supply curves to show how equilibrium is restored after the supply curve is affected by an improvement in technology that increases productivity.
1. What is supply? 2. What is demand? 3. How does the price system address the...
1. What is supply? 2. What is demand? 3. How does the price system address the problem of alternative uses of time and labor?
Draw a graph for the Supply and Demand for Money. Show (and explain) how a central...
Draw a graph for the Supply and Demand for Money. Show (and explain) how a central bank could increase the equilibrium interest rate.
Explain Aggregate Demand and Aggregate Supply and how does it relate to the Circular Flow. What...
Explain Aggregate Demand and Aggregate Supply and how does it relate to the Circular Flow. What are the theories that explain Aggregate Supply in the short-run? Explain those theories.
use money supply and money demand model to show how a decrease in money supply shifts...
use money supply and money demand model to show how a decrease in money supply shifts lm curve
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT