Why does the time it takes to reach equilibrium vary from market to market

Answers

Answer 1

 Given the number of manufacturers of that product, it will take some time for them all to update their menus, signs, etc.

What alters the balance of the market?

New equilibrium price and quantity are produced as a result of changes in the factors that determine supply and/or demand. The former price will no longer be an equilibrium when supply or demand changes. Instead, there will be a shortage or surplus, and the price will then change until a new equilibrium is reached.

What factors cause a market to converge on equilibrium?

A market is influenced by two forces, namely the availability of surplus and the presence of a supply shortfall, which work together to bring about equilibrium. When the market price is higher than the equilibrium price and the quantity sought is less than the quantity provided, this is referred to as a surplus.

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Related Questions

What was the main reason the new england colonies were founded?

Answers

Answer:

The New England colonies were founded to escape religious persecution in England. The Middle colonies, like Delaware, New York, and New Jersey, were founded as trade centers, while Pennsylvania was founded as a safe haven for Quakers.

Explanation:

Answer:

The New England colonies were founded to escape religious persecution in England. The Middle colonies, like Delaware, New York, and New Jersey, were founded as trade centers, while Pennsylvania was founded as a safe haven for Quakers.

Explanation:

Which supreme Court decision denied the right of states take Tribal lands but was ignore by president's Andrew Jackson​

Answers

Answer:

Georgia's Indian Removal Laws

What are the two major reasons for the crisis in Islam?

Answers

Answer:

Islam is also the second largest faith in the world, with nearly 200 crore adherents, just behind Christians by about 20 per cent. Like Christians

Explanation:

What is a large supply of goods stored for future use?

stockpile
mass production
inventory
none of the above

Answers

stockpile i think hope this helps

Community health problems can be addressed through the provision of health education. Justify it

Answers

Answer:

IT CAN HELP BECAUSE PEOPLE ARE GETTING EDUCATED ABOUT HEALTH

Explanation:

IM not sure hope this helps :(

Community health problems can be addressed through Health Education, as it helps in providing right information and creating awareness about health issues.

Health Education

"Education is the most powerful weapon, which you can use to change the world" said by Martin Luther King Jr.

Education is the most important factor for economical, social, and political reforms and revolution. Health is the topic which touches every sphere of society. The Importance of Health education is that it can easily provide correct information about health problems to masses.

Therefore, we can say that community health problems can be addressed through the provision of Health Education.

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This city was located directly on the Euphrates river Ur, Memphis, Thames, Alexandria

Answers

Answer:

The correct answer is Ur

why does it make sense that intellectual games like Pentalpha would be popular amongst Greek citizens?

Answers

Answer:

Pentalpha

Explanation:

Pentalpha is a board game which consists of simple star pentagon design play. It dates back to the ancient Greek where it was borrowed from Egypt. The game was widely popular in Greece as evidence have been similarly mentioned in ancient literature as Pente Grammai.  

Answer:

It was a popular board game. the reason why it was so popular among the greeks was because they wanted to be smarter and they thought by playing

Pentalpha it would help strengthen their brains and make them smarter.

The labor of enslaved people was extremely important to the ________ OF Southern plantations.

Answers

Answer:

colonies

Explanation: The reason why is because Southern colonies had huge plantations to sell off to make money but needed free work since they could not pay them since it cost to much money.

What is one sign that a topic sentence is ineffective? It is informative. It includes an opinion. It introduces a specific topic. It uses clear and concise language.

Answers

The correct answer is B) it includes an opinion.

A topic sentence is ineffective in that it includes an opinion.

Although you did not include any context or reference, we can answer in general terms.

So, A topic sentence is ineffective in that it includes an opinion. This is correct because when you write a topic sentence, this has to be validated by proper facts, numbers, or data from primary or secondary sources. An opinion is not a valid argument in topic sentences and you have to be very careful in not including one.

Remember that in writing, the topic sentence is very important because it introduces the idea of the paragraph.

List and explain the 4 major reasons that new ideas were slow to spread throughout Europe in the early Renaissance.

Answers

Answer:

It was preceded by the Middle Ages in Europe and eventually led to the ... the main ideas of the movement eventually spread to all of Europe by ... However, initially the new ideas and perspectives of the Italian Renaissance were slow to ... ​While the Renaissance was slow to spread at first, for the reason

Explanation:

I will mark brainest to whoever answers first and has it right.
1. Why did the U.S. relocate Japanese and not Germans?

Answers

Answer:

Because there were 30 million people of German ancestry living in the US at that time

I’m assuming your talking about one of the world wars. The us relocated the Japanese because they thought the Japanese were a threat to national security. After what they did to Pearl Harbor. I’m probably wrong but that’s all I can think of

what are some superhero girls names that have the ability to grow plant less than a minute

Answers

Answer:

Klara Prast

Explanation:

So what if you are in a relationship and you have too much in common with that person, should you worry or just leave it alone????

Answers

as long as u both feel the same way for each other then keep it going

What caused the split between Sunnis and Shias, the two major sects of Islam?
A. Political disagreements about how to set up the Islamic caliphate
B. Theological disputes about the Messiah
C. Disagreements about how to choose leadership in the religion after the death of Muhammad
D. Disagreements about the distribution and production of oil and natural gas in the region

Answers

Answer:

It is:

C. Disagreements about how to choose leadership in the religion after the death of Muhammad

Explanation:

The headline below reflects which of the following political concepts? Select one:
O Freedom of the press
O Right to a speedy trial
OSeparation of powers
O Popular sovereignty​

Answers

Answer:

a

Explanation:

PLEASE help i rly need this! i will give brainliest

Answers

D: Battle of Yorktown

what is a synonym for indigenous ?​

Answers

You could have easily searched it lol but one is original, earliest,first, initial, and ancient
Native, aboriginal are some synonyms for indigenous

Which of these statements best describes how Nigeria and South Africa are alike?
A. Both countries have a history of apartheid.
B. Both countries have an economy based mainly on manufacturing.
C. Both countries have an economy based mainly on agriculture.
D. Both countries lack equal access to education for all children.

Please select the best answer from the choices provided

Answers

Answer:

B (Both countries have an economy based mainly on manufacturing.)

Explanation:

Nigeria is known as the giant of Africa and South Africa is the 2nd biggest.

The both countries are known for it's manufacturing, cultural and sports. There is one form of rivalry or the other going on between Nigeria and South Africa. In economic, sports or culture, Nigeria and South Africa always compete for that.

Answer:

in summary its b

Explanation:

. . . seek To reach Me, worshipping with steadfast will; And, if thou canst not worship steadfastly, Work for Me, toil in works pleasing to Me! For he that laboureth right for love of Me Shall finally attain! –Bhagavad Gita What Hindu beliefs are described in this passage? Choose two correct answers. loving other people worshipping the deities searching for an easier job reaching for a book of worship doing work that pleases the deities

Answers

Answer:

B and E

Explanation:

I took the assignment and got it right.

Edge

Answer:

B E

Explanation:

The authors of the United States Constitution established a bicameral legislature primarily because they 1) wished states to retain their absolute sovereignty 2) reached a compromise between the large states and the small states over representation 3) hoped to weaken the power of Congress 4) wanted to create an independent judiciary elected by the people

Answers

Answer:

reached a compromise between the large states and the small states over representation

Explanation:

In Bicameral legislatures, the authors of the constituent proposed that the legislative branch should be divided into two houses:

- House of the Senate:  Each states have two people that they can put in this house.

- House of the representatives: The numbers of people that each state can put in this house is depended on the number of their population.

Because of this, Many small states (who do not have a lot of population) believed that this design will be very bad for them and rejected the idea. So, a compromise was proposed. The small states will agree to do this if the bigger states agree that they will count "Slaves" that exist in small states as 3/5 part of the population.

What does it mean to have a career in a trade?

Answers

Answer:

well i think having a career in trade is like knowing the skill set you have and I it to make money for your self

just one that learnt sewing then fortunately heor she go to college to learn computer engineering then he or she comes out of college withouta job but your trade which is other wise known as skill set can make you stand and you canstart fending for your self by sewing for people

According to the Charter of 1732, what were Georgia colonists NOT allowed to do?

Answers

Answer:

Explanation: one restriction was that they (the settlers) couldn't own large amounts of land. Women could not inherent the land if their husband or father died. It went back to the trustees. Another restriction was that no slaves were allowed. This angered many colonists later in history. No rum or alcohol was allowed either. No Catholics were allowed, or lawyers. There were many restrictions on the Charter of 1732 that the colonists later argued about in history.

Answer:

No Catholics were allowed, or lawyers.

No large land ownerships

No slavery

Explanation:

A member of the team has been delegated some tasks and reports, "I've been given too much to do and I'm not going to be able to complete the work on time." What is the RN's best initial action?

Answers

Answer: 「勝ち残りの条件「考えるセールス部隊」を育てる

「勝ち残りの条件「考えるセールス部隊」を育てる「勝ち残りの条件「考えるセールス部隊」を育てる

Explanation: 「勝ち残りの条件「考えるセールス部隊」を育てる「勝ち残りの条件「考えるセールス部隊」を育てる「勝ち残りの条件「考えるセールス部隊」を育てる「勝ち残りの条件「考えるセールス部隊」を育てる

When a member of the team has been delegated some tasks and reports, the best initial action is to examine the workload and assist individuals.

What do you mean by delegation?

A delegation refers to the transfer of responsibility from one person to another for some specific tasks.

Delegation comes with more accountability and responsibility for results. It is not possible to do all the work by only one leader.

When there is a delegation of tasks and reports, examining the workload and assisting the individual helps them to overcome their work.

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Georgia farmers began raising what other items after the boll weevil and drought-affected cotton production?

vegetables
tobacco
fruit
all of the above

Answers

I’m pretty sure tobacco
i think it may be tobacco

True or False: The presidential nominee always announces their selection of a vice presidential running mate BEFORE the party's national convention. A. True B. False​

Answers

Answer:

TRUEEEEEEEE

Explanation:

Answer:

True

Explanation:

What is the definition of online, or e-learning, according to Dr. Pannekoek?

Answers

Answer:

An online class is a course conducted over the Internet. They are generally conducted through a learning management system, in which students can view their course syllabus and academic progress, as well as communicate with fellow students and their course instructor. A learning system based on formalised teaching but with the help of electronic resources is known as E-learning. While teaching can be based in or out of the classrooms, the use of computers and the Internet forms the major component of E-learning.

Explanation:

In online education, we talk about virtual classes, virtual schools, virtual conferences, etc. In common use, when we use the word "virtual", we tend to mean online, that is through a computer or device. We use it to define an interaction that does not take place in an in-person physical environment.

help me please
1.How had circumstances changed between February 18th and February 24th

Answers

Answer:

He became ill

Explanation:

he was ill

The numbers of the members in the House of Representatives awarded to each state is determined by-
A.the size of the state
B.the population of the state

Answers

Answer:

It is B, the population of that state, because each state is apportioned a number of seats which approximately corresponds to its share of the aggregate population of the 50 states. However, every state is constitutionally guaranteed at least one seat.

A high school baseball team in Dallas travels south to Austin to participate in a tournament. The trip from Dallas to Austin is about 322 kilometers. The trip requires about 3.5 hours to complete on a school bus. Which of the following best represents the VELOCITY of the bus?

Answers

Answer:

v = 92 km/h

Explanation:

Given that,

The trip from Dallas to Austin is about 322 kilometers

The trip requires about 3.5 hours to complete on a school bus.

We need to find the velocity of the bus.

Velocity = displacement/time

[tex]v=\dfrac{322\ km}{3.5\ h}\\\\=92\ km/h[/tex]

So, the velocity of the bus is 92 km/h.

What was a characteristic of the legal system in the Twelve Tables?

Upper-class citizens were granted new rights.
Patricians were given more power than before.
Laws were applied equally to all Roman citizens.
A dictatorship was established to govern the republic.

Answers

Answer:

C

Explanation:

Because the Twelve Tables were created to reduce conflict between classes.

Answer:

c

Explanation:

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