Explain market equilibrium when the number of firms happens to in… - Vidyadip

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Explain market equilibrium when the number of firms happens to increase or decrease in the market and only normal profits are earned.

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Similar questions

From the following frequency distribution, prepare 'less than' and 'more than’cumulative frequency distribution:

Wages (₹)	100-110	110-120	120-130	130-140	140-150
No of Workers	4	12	20	7	5

Calculate the median of the following frequency distribution.

Class Interval	Frequency
10-20	4
20-40	10
40-70	26
70-120	8
120-200	2

Explain the conditions of producer's equilibrium with the help of a diagram.

Find out the standard deviation from the following data after finding mean:

Class lnterval:	0-10	10-20	20-30	30-40	40-50
Frequency:	8	13	16	8	5

(i) A consumer buys 18 units of a good at a price of Rs 9 per unit. The price elasticity of demand for the good is (-)1. How many units the consumer will buy at a price of Rs 10 per unit. Calculate.
(ii) Price elasticity of demand of goods is (-) 4. When price of the goods falls, its demand rises by 24 percentage. Calculate percentage change in price

Differentiate between Simple table and complex table with examples.

Calculate the demand schedule of Raju, using following table. (Assuming Market includes four buyers.)

Price (₹)	Ramesh (Units)	Raju (Units)	Rahim (Units)	Rina (Units)	Market Demand (Units)
5	19	-	7	6	32
4	20	-	10	9	44
3	21	-	12	11	51
2	22	-	14	15	61
1	23	-	18	19	74

State any four difficulties in constructing index numbers.

Equation of Demand Curve of Commodity$-X$	$Q_d = 400 - 2p$
Equation of Supply Curve of Commodity$-X$	$Q_s = 100 + 4p$
New Equation of Supply Curve of Commodity$-X$ after the change in input price	$Q_s = 160 + 4p$

$1.$ On the basis of the data given above, the equilibrium price is
$(a) \ 2$
$(b) \ 4$
$(c) \ 50$
$(d) \ 100$
$2.$ On the basis of the data given above, the equilibrium quantity is:
$(a) \ 100$ units
$(b) \ 200$ units
$(c) \ 300$ units
$(d) \ 400$ units
$3.$ After the change in input price, new equilibrium price is
$(a) \ 20$
$(b) \ 40$
$(c) \ 50$
$(d) \ 60$
$4.$ After the change in input price, new equilibrium quantity is:
$(a) \ 200$ units
$(b) \ 240$ units
$(c) \ 300$ units
$(d) \ 320$ units
$5.$ Read the following statements carefully and choose the correct alternative among those given below:
Statement $1:$ In a situation of excess demand, market price tends to fall.
Statement $2:$ In a situation of excess supply, market price tends to rise.
$(a)$ Both the statements are true
$(b)$ Both the statements are false
$(c)$ Statement $1$ is true and Statement $2$ is false
$(d)$ Statement $2$ is true and Statement $1$ is false
$6.$ Equilibrium price is the price where market demand is equal to market supply. $($ True or False $)$

Calculate the coefficient of variation for the following data:

weight (kg.):	0-20	20-40	40-60	60-80	80-100
No. of Persons:	81	40	66	49	14