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Smart Reasoning:

C&E

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Qaagi - Book of Why

Causes

Effects

a change in supply price(passive) caused bya given supply curve

a free enterprise Factorsinfluencingsupply curve

changes by non price factors(passive) caused bysupply curve

a change in one of the non price determinants of the supply of a good the cost of time and information required to carry out market exchange an excess of quantity supplied over quantity demanded at a given price the condition that exists in a market when the plans of the buyer match the plans of the sellers Usually a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium A minimum legal price below which a good or service can not be sold a maximum legal price above which a good or service can not be sold Cash or in - kind benefits given to individuals as outright grants from the government Economic unit , formed by profit - seeking entrepreneurs(passive) caused bya given supply curve

a change in one of the determinants of the supply of the good checkable deposits deposits in financial institutions against which checks can be written classical economists a group of eighteenth- and nineteenth - century British economists who criticized mercantilism and believed that self - interest and competition promoted economic development Coase theorem the theory that as long as bargaining costs are small , an efficient solution to the problem of externalities will be achieved by assigning property rights cold turkey the announcement and execution of tough measures to reduce high inflation collective bargaining the process by which union and management negotiate a mutually agreeable labor agreement command economy an economic system characterized by centralized economic planning and public ownership of resources commercial banks depository institutions that make short - term loans primarily to businesses commodity money anything that serves both as money and as a commodity(passive) caused bya given supply curve

plotting how much quantity of a particular good suppliers will offer to buyers at different prices(passive) can be created bya supply curve

a rightward shift in the demand curve(passive) caused bya fixed supply curve

Our paddlescreatea supply curve

expectations of higher future pricesCausessupply curve

both of you raises your priceis setout on a supply curve

why do economists forex hdfc rates the ceteris paribus assumptionwhen creatinga supply curve

from a change in the price of that productresultsfrom a change in the price of that product

a shortage , which invalidates the conditions under which the demand curve was createdcreatesa shortage , which invalidates the conditions under which the demand curve was created

from reverse auctionresultingfrom reverse auction

the high price(passive) is caused bythe high price

this case(passive) set bythis case

market price to fallcausingmarket price to fall

from a change in one of the determinants of supply other than price of the goodsresultingfrom a change in one of the determinants of supply other than price of the goods

in a shift in the demand curve to the left ( decrease ) of the good or service mentionedmay resultin a shift in the demand curve to the left ( decrease ) of the good or service mentioned

to trace of educationleadsto trace of education

reasonable marginal costs in the areascreatesreasonable marginal costs in the areas

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Smart Reasoning:

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