Determine the action keep the price above market equilibrium, Microeconomics

Assignment Help:

What actions could a government take in order to keep the price above market equilibrium?

There are four basic possibilities here;

1) Minimum price;

2) A tax on the good;

3) Any form of price support scheme including government purchasing of the good; and

4) Government controls limiting supply.

Related Discussions:- Determine the action keep the price above market equilibrium

Cost Minimization for Cobb-Douglas, 3.Cost Minimization for Cobb-Douglas. S...

3.Cost Minimization for Cobb-Douglas. Suppose the Acme Gumball Company has the produc- tion function of q=LK. Given that the MPL=K, MPK=L and MRT S=MPL/MPK. Part a-b, we are anal

Simultaneous equation methods of forecasting, The economic model forecastin...

The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T

Revenues, Ask qdescribe average and marginal revenue under imperfect compet...

Ask qdescribe average and marginal revenue under imperfect competitionuestion

Money multiplier, Should the bank not have anyone to lend the demand deposi...

Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?

Illustrate the term less developed and developed countries, How might one m...

How might one measure differences in living standards between less developed and developed countries? This is a very wide question where any clear and relevant calculate shoul

What is my expected benefit?, I am risk averse, and trying to maximize my e...

I am risk averse, and trying to maximize my expected value of c0, 5, where c is my fortune. I have 50.000 in cash, and also art with a value of 200.000 which I keep in my basement.

Determinants of private demand for education, Determinants of Private Deman...

Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is

Perfect competition, 10

Shifts the market supply curve, This firm will maximize profits by producin...

This firm will maximize profits by producing the level of output that corresponds to point: a. b. c. or d. ?? Refer to Figure for a perfectly competitive firm. Given the

What is the short run demand curve, A firm has a short-run production funct...

A firm has a short-run production function defined by: Q = -. 02L 2 + 8L What is the short run demand curve for labour (L) in terms of the market wage rate (w), if

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages