What does this say about economic measurement of consumer

Reference no: EM133341592

Question: We often teach in economics that when we reach equilibrium, both the seller and buyer wish to trade with one another.

1. If both parties are trading, does that mean that they're happy with the trade since they all get what they wanted? Or could people still trade without being happy about the trade?

2. What does this say about the economic measurement of consumer sentiment?

Reference no: EM133341592

Questions Cloud

Major ideas and applications of the theory : Describe each theory, including some history about the person who developed the theory and the major ideas and applications of the theory.

What is profit-maximizing level of output, price, and profit : What is the profit-maximizing level of output, price, and profits? Label output and price on your graph as (QM, PM)

What type of financing would you procure for your business : Based on the readings and lecture, what type of financing would you procure for your business and Explain the immediate and long-term effects of your financial

Explain the necessary reimbursement changes : Explain the necessary reimbursement changes that would be required to transition to national health insurance in the United States.

What does this say about economic measurement of consumer : What does this say about the economic measurement of consumer sentiment? what they wanted? Or could people still trade without being happy about the trade?

Health status would affect meeting that basic need : Think about the priorities inherent in the basic care and comfort needs of clients. How a change in health status would affect meeting that basic need.

How much would linda be willing to pay to insure her house : Is Linda risk-averse or risk-lover? Explain. Draw Linda's utility function. How much would Linda be willing to pay to insure her house against being destroyed

How many employees are you going to forecast : How many employees are you going to forecast for hiring, and what type of management team would you build in order to ensure success and growth

Does any steroetyping on asian american : Does any steroetyping on the Asian American Individuals and their families and Hispanic and American Indian surprise you?

User Account

All Pages