Economics price taking model一問

Pls click to see the link and ans. my questions, thx a lot!

http://i226.photobucket.com/albums/dd260/wingreall...

1 Answer

Rating
  • 9 years ago
    Favorite Answer

    1. Not equal.

    '.'left hand side is single firm, right hand side is market.

    2. when S increases, price is at p1 not atc( see the market)

    the equilibrium is at the yellow pt(mc1 and p1) not the cross.

    Q decreases eventually. 再唔明再問

    3. It is 巧合

    No such thing as the longrun equilibrium stated that the Q remain unchange. The main thing to focus is on the market, the Q decreases.

    U r welcome to judge me!

Still have questions? Get your answers by asking now.