Ask Question
BusinessBusiness
18 November, 10:52

What is the relationship between equilibrium price and efficiency

+1
Answers (1)
  1. 18 November, 12:23
    0
    When a market is in equilibrium, then that means that the economy is functioning efficiently. This happens because producers in many markets do not waste their resources. They can, instead, use these resources to produce based on the supply and demand laws which means that the economy is efficient.

    best i could think of
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the relationship between equilibrium price and efficiency ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What would be the best web design software to use if you wanted to add interactive games to your web page? A: Shockwave B: Dreamweaver C: Director D: Nvu
Answers (2)
Bowering Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.60 Direct labor $ 3.85 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 81,000 Sales commissions $ 0.
Answers (1)
Jim is 50 and wants to buy $250,000 of life insurance. find the annual cost for whole life insurance.
Answers (1)
On January 1, 2017, Sheridan Company had a balance of $417,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill has an indefinite life.
Answers (1)
An example of an object with a lot of gravitational potential energy and no kinetic energy
Answers (1)
New Questions in Business
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
Which term refers to the beginning of the constitution?
Answers (1)
The risks of a focus strategy include: a. decisions by focused competitors to use their resources to serve a wider range of customers' needs. b.
Answers (1)
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent per year. The expected return on the market is 13 percent, and Treasury bills are yielding 4.5 percent.
Answers (1)
Martin is offered an investment where for $ 6 comma 000 today, he will receive $ 6 comma 420 in one year. He decides to borrow $ 6 comma 000 from the bank to make this investment.
Answers (2)
Home » Business » What is the relationship between equilibrium price and efficiency
Sign Up Forgot Password?