What is advantage and disadvantage of economic prices for non tradable good in distorted markets

Q: In a self-regulating market, certain forces will result to the market adjusting itself. True or…

A: The self-regulating market can be defined as a free market where individuals, firms, and other…

Q: Why might a service business be more selective than a goods-producingbusiness regarding the…

A: Supply is the relationship between the price of a commodity and the the goods and services to be…

Q: Discuss price continuity as a characteristic of  well-functioning market?

A: At the point when markets function admirably, firms flourish by providing what shoppers need…

Q: Price J M K L S₁ S2

A: The supply curve explains the direct relationship among the marketplace charge and amount…

Q: Which of the following have the most flexible prices? Multiple Choice computer software and,…

A: In a market, price elasticity depends upon consumer's price elasticity, the proportion of budget…

Q: How can supply chain management (SCM) help a company establish a competitive advantage?

A: Answer - Supply chain management: - It is system which manages the firm's many functions like…

Q: Where do opportunities reside in improving supplychain operations and how has VSM helped to…

A: Supply: It refers to the goods and services available in the market for the consumers. The supply of…

Q: What do we mean by talking about "Demand for one product" and "Supply of one product"? Could you…

A: Demand for a single product means when changes in the prices and prices of other commodities affect…

Q: Where there is asymmetric information between buyers and sellers:        product shortages will…

A: Asymmetric information refers to incomplete or missing information. This occurs either on the…

Q: How does demand for business products differ fromconsumer demand?

A: Business products- The stuff businesses market and make profits are company goods. In other words,…

Q: In which market structure there is a single seller?

A: There are various structure of market it includes perfect competition, Monopoly, Monopolistic…

Q: Buyers cannot have different reservation prices. True or False?

A: The law of demand states that there is an inverse relationship between price and quantity demanded.…

Q: Under what circumstances do producers assume wholesaling functions?

A: Wholesalers are the types of shop owners that order the commodities in bulk and keep them for their…

Q: Identify the NonPrice determinants of supply in the dentistry field business. (per factor) In cost…

A: Non-price supply variables include input costs, technology, tax rates, prices of related goods, and…

Q: Which price adjustment strategy is based on how a customer's perception of a product is influenced…

A: Willingness to pay, segments, business dynamics, trade margins, competitor behaviour,  and input…

Q: Find an example of MFN clause (other than the ones mentioned in the chapter) and discuss their…

A: Most-favoured-nation (MFN): treating other nations equally. Under the WTO agreements, countries have…

Q: what type of market structure is currently existing in the uk housing market

A: introduction: The real estate market, otherwise called the housing market, unites various partners,…

Q: Individual or firms who desire products and services in the market for consumption or business. a.…

A: Individual who desire for products and services in the marking solely for the consumption purpose…

Q: Price controls A increase economic efficiency. В benefit both consumers and firms. C result in…

A: Price controls: - Price controls are the methods or the process of adjusting prices in an economy.

Q: Use economic theory to detail and examine the reason why electricity network and gas pipeline…

A: It can be said that both electricity network and gas pipeline businesses are monopolies or oligopoly…

Q: Do you think the offline stores engaged in price gouging? If you were part of the panel, what would…

A: When a seller raises the price of goods, services, or commodities well over what is deemed…

Q: What does marginal mean ? Can you give an example on why this term is crucial concept in economics…

A: The marginal terms has been used used in various theories of economics for explaining theories of…

Q: Q- A market is any arrangement that allows buyers and sellers to exchange things State whether the…

A: # We know that the two main driving forces of a market are buying and selling or we can say that…

Q: What are some ways for Non-sustainable Competitive Advantage for the price of Nikes product

A: Non sustainable competitive advantage means the advantages that is used by competitors to attract…

Q: Which of the following is the least impactful characteristic of the USA marketplace in making it a…

A: The United States is considered to be a mixture of a capitalist and socialist economy, with more…

Q: The table below shows Deion's demand schedule for web tutoring before and after winning the lottery.…

A: Demand schedule gives us the data regarding the quantity demanded at various price levels for a…

Q: Is the market for electricity regulated?

A: Electricity market usually characterized by the monopoly market structure. Generally, government…

Q: Show the impact of each of the following events in the oil market. Electric and hybrid cars become…

A: The equilibrium in a market is established at the intersection of the demand, and supply curve. The…

Q: Movie theaters would make more money if they offered students the same type of discounts on popcorn…

A: Discount is special reward which reduces the price of usual cost of something.

Q: Identify the barriers that may prevent a common price equilibrium occurring for goods and services…

A: These are trade limitations enforced by the government, mostly on imports. Tariffs and import quotas…

Q: If providing full information about products raises prices, should businesses still be required to…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: Differentiate between demand-side market failures and supply-side market failures.

A: Market Failure(MF) is a situation where the allocation of services and goods by the free market is…

Q: End of Appendix Problem A university's students have demand for credit hours given by q = 30 -0.04p,…

A: According to the question Demand function is given as Q = 30 – 0.04p Q – 30 = -0.04p 30 – q  = 0.04p…

Q: Why is the Nifty 50 Index (Indian market) considered an Emerging Market? 250 Words

A: The NIFTY 50 is a baseline Indian stock market index that reflects a weighted sum of 50 of the…

Q: Let's say there is demand in a market. The unit cost of production of the good is fixed and is at…

A: Technology: Technology is the utilization of logical information for pragmatic purposes or…

Q: A gasoline station very near a professional football stadium parks car on its lot to make money on…

A: We are going to comment on the Price elasticity of demand to answer this question.

Q: What are the major Price decision areas that may be called into question under the law?

A: Price Decision areas that may be called into question under the law are as follows : Tricky or bogus…

Q: Superior Trading Co. operates in a competitive market, and decides which price to charge their…

A: Here, it is given that the Superior Trading Co. Make economic activities in the competitive market.

Q: The Negotiation Framework in Supply Management?

A: It is essential to understand the importance of negotiation to the business owners so that they can…

Q: Write a brief policy statement that presents a position on the need for utilizing morediverse…

A: Policy statement is a set of methods that are accepted in an organization. It provides a guideline…

Q: Milk purchased by a tea stall is a intermediate good.  True/False

A: Resale or further production is done using some products. Such products are called intermediate…

Q: Jiffyburger, a fast-food outlet, sells approximately 8,000 quarter-pound hamburgers in a given week.…

A: Given,  JiffyBurger is a fast-food outlet that sells around 8,000 quarter-pounder hamburgers in a…

Q: Why does control of prices of some commodities by the government become inevitable? Need a full…

A: The governments across the world usually follow the policy of economic intervention by imposing…