Ask Question
BusinessBusiness
10 January, 05:27

What is the relationship between equilibrium price and efficiency

+2
Answers (1)
  1. 10 January, 05:40
    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?
Find an answer to your question 👍 “What is the relationship between equilibrium price and efficiency ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The first step of the financial planning process is to: A. develop financial goals. B. implement the financial plan. C. analyze your current personal and financial situation. D. evaluate and revise your actions.
Answers (1)
What are the advantages and disadvantages of paying the new manager primarily cash pay?
Answers (1)
Whose interests should have the most influence on decisions at successful firms?
Answers (2)
The business practice of hiring workers in another country is known as
Answers (1)
Proceeds from the sale of bonds represent a. the amount of the debit to Cash in the journal entry recording the sale. b. the face amount of the bond times the quoted sale percentage. c.
Answers (1)
New Questions in Business
The definition of manager has three components. Which one below is not one of them? a. A manager is always responsible for contribution b. Managers always get something done through other people c.
Answers (1)
For segmentation strategy to be successful, the customers in the segment must react similarly and positively to firm's offering, corresponding to which of the following criteria for evaluating segment attractiveness?
Answers (1)
Joe and Joanne own JoJo's Jet-Fast Oil-Change and Auto Service. When budgeting for next year's benefit expenses, Joe and Joanne estimate that their unemployment and workers' compensation costs will increase because of a high number of claims during
Answers (1)
A national health care plan would also control the wildly escalating cost of prescription drugs. This would particularly benefit the elderly who mostly live on fixed income.
Answers (1)
What happens when you do not make a decision?
Answers (1)
Home » Business » What is the relationship between equilibrium price and efficiency
Sign Up Forgot Password?