This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the market for pizza slices is in equilibrium at a price of 1 per slice. What conditions are ... (Read 40 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Suppose the market for pizza slices is in equilibrium at a price of 1 per slice. What conditions are likely to be satisfied in the pizza slice market?
 
  What will be an ideal response?

Question 2

The ratio of the change in consumption to the change in disposable income is the
 
  A) average propensity to save. B) marginal propensity to consume.
  C) average propensity to consume. D) marginal propensity to save.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

The conditions that are satisfied when the market for pizza slices is in equilibrium are:
a) The number of pizza slices manufactured by sellers will equal the number of pizza slices purchased by buyers.
b) Pizza sellers will produce pizzas at the point where the cost of production is less than or equal to the market price of 1.
c) Buyers will consume pizza as long as the benefit that they derive from consumption is at least equal to the market price of 1.

Answer to Question 2

B


sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Diagnostic Imaging Procedures and Conditions Diagnosed or Treated Cont Diagnostic Imaging Procedures and Conditions Diagnosed or Treated Cont
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: T cell receptors

For a complete list of videos, visit our video library