Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
Weegy: The supply and demand model relies on a high degree of competition, meaning that there are enough buyers and sellers in the market for bidding to take place. [ Buyers bid against each other and thereby raise the price, while sellers bid against each other and thereby lower the price. The equilibrium is a point at which all the bidding has been done; nobody has an incentive to offer higher prices or accept lower prices. ] User: How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar? Weegy: After completing the “Applying Supply and Demand Concepts” simulation the following concepts and principles were identified: demand and supply along with equilibrium as microeconomic principles, [ and shifts in demand and supply along with price ceiling as macroeconomic concepts. The previous concepts were identified accordingly because microeconomics analyzes from the parts to a whole; therefore, supply and demand and equilibrium as the small parts that affect the whole. In contrast macroeconomics analyzing from the whole to the parts reflects how the concepts of price ceiling and shifts in demand and supply are larger outside factors that affect the smaller internal parts. Supply and Demand Curve Shifts In the simulation there were multiple examples reflecting shifts in the demand curve as well as shifts in the supply curve. For any supplier, a higher price is an incentive to supply more; therefore, as rental rates increased, the number of apartments GoodLife was willing to lease also increased. Typically, the reason for this shift could be either production or maintenance costs, which means that each additional unit of the product would be supplied at a higher price. As the rental rate increases, the number of apartments supplied increases is an example of an upward sloping supply curve. As for the shift in the demand curve, this was caused by the ... (More)
Question
Expert Answered
Asked 2/11/2013 11:05:55 PM
0 Answers/Comments
25,354,146 questions answered
Popular Conversations
Simplify the expression where possible. (x 2y 3z 4) 2
Weegy: (2 x^3 y^4 z)/3 User: Simplify the expression where possible. (-5x 2) 3 Weegy: 20x-16 User: Simplify the ...
5/27/2016 10:21:34 PM| 6 Answers
If g(x)=2x + 1, find g(a + h)- g(a). 2h 2h + 2 h + 1
Weegy: 8x^2 - 2x = 1; 8x^2 - 2x - 1= 0; (4x + 1)(2x - 1) = 0 (4x + 1) = 0; 4x = -1, x = -1/4 or (2x - 1) = 0; 2x = 1; ...
5/27/2016 11:58:56 PM| 3 Answers
In what year did the United States enter World War ...
Weegy: The United Stats entered the World War I in 1917. User: Why was the Espionage Act, the Trading with the ...
5/27/2016 6:02:45 AM| 2 Answers
38th president of the united states
Weegy: hello, 38th president of which country/ User: 39th president Weegy: Jimmy Carter was the 39th US president. ...
5/27/2016 9:00:36 AM| 2 Answers
The international peacekeeping organization formed directly after ...
Weegy: The international peacekeeping organization formed directly after World War II was called the the United ...
5/27/2016 10:21:10 AM| 2 Answers
The Triple Entente consisted of _____. France, Germany, and ...
Weegy: Thomas Woodrow Wilson (December 28, 1856 ? February 3, 1924) was the 28th President of the United States, from ...
5/27/2016 11:20:03 AM| 2 Answers
How far does a bus travel in 4 hours at 55 mph? User: Peggy had ...
Weegy: Please post the options. Thanks! (She has 6 quarters and 2 nickels) User: Simplify 1 · x - . User: Solve for ...
5/27/2016 12:18:50 PM| 2 Answers
simplify the expression below 12
Weegy: May i know what the question is? User: square of 12 User: square root of 12
5/27/2016 2:47:03 PM| 2 Answers
Weegy Stuff
S
Points 707 [Total 707] Ratings 10 Comments 587 Invitations 2 Offline
S
Points 696 [Total 696] Ratings 13 Comments 566 Invitations 0 Offline
S
Points 634 [Total 634] Ratings 0 Comments 634 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 295 [Total 12547] Ratings 2 Comments 275 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
Points 7 [Total 4099] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.