Market analysis
Please complete the following task.
Fill up the all tasks.
I.
A change in determinants of supply other than price causes an…………………………………………
Please prove it on the graph.
II.
Please draw the impact of imposing subsidy on equilibrium in free market mechanism.
Scarcity.means……………………………………………………………………………………………………………………………………………………………………………………………………………… .
Opportunity cost is that which:
We give up, when we make a choice,
We forgot about costs of living,
We decided later on about Your choice,
We forgo, when we make a decision.
In a command economy, a……………………………………………………………………………………..
Please draw the impact of tax on seller (producer).
Change in costs, input prices, technology, or prices of related goods and services leads to………………
The short run is a period of time for which following conditions hold:
The firm is operating under a fixed scale (or fixed factor) of production,
Firms can neither enter nor exit the industry,
there are no fixed factors of production,
Firms can increase or decrease scale Scarcity.meansof operation,
None of above.
Maximum /minimum prices are set up for:
Communal apartments,
Industry like airlines,
Agricultural policies,
Rent a cars,
None of above.
Higher supply leads to ………………..equilibrium price and ………………..equilibrium quantity.