Purchase Solution

Price as a tool for surplus in microeconomics

Not what you're looking for?

Ask Custom Question

Is price a tool for changing surplus situations?

Purchase this Solution

Solution Summary

The price as a tool for surplus in microeconomics are examined.

Solution Preview

Price can be a tool for changing surplus situations.

Think about when prices go down maybe because the government imposed a price ceiling, supply goes down since it is now more expensive for producers to produce the product. Consumers though would like to ...

Purchase this Solution

Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.