Ask Question
BusinessBusiness
30 April, 05:40

Imperfect markets:

a. always result in supply exceeding demand.

b. occur when the buyer or seller has an influence on the price.

c. do not exist in democracies.

d. can't occur if there are many buyers and many sellers.

e. always result in demand exceeding supply.

+4
Answers (1)
  1. 30 April, 07:53
    0
    An imperfect market occurs when either the buyer or seller has influence over the price.

    The law of supply and demand would state that as price goes up, quantity demanded would go down, but supplies would go up.

    If either side can manipulate the price, then the equilibrium is thrown off. Adam Smith would say that the "invisible hand of the market" should naturally control price if the market is left alone.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Imperfect markets: a. always result in supply exceeding demand. b. occur when the buyer or seller has an influence on the price. c. do not ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
2. Swinnerton Clothing Company's balance sheet showed total current assets of $900, all of which were required in operations.
Answers (1)
Cornerstone Markets has beginning long-term debt of $64,500, which is the principal balance of a loan payable to Centre Bank. During the year, the company paid a total of $16,300 to the bank, including $4,100 of interest.
Answers (1)
A company is just getting started and needs new equipment, but does not have a large amount of cash. Since the company business will also require frequent updating of the equipment, it is better to
Answers (1)
To record estimated uncollectible receivables using the allowance method, the adjusting entry would be a a. debit to Loss on Credit Sales and a credit to Accounts Receivable b.
Answers (1)
An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk
Answers (1)
New Questions in Business
Complete the recursive formula of the geometric sequence 500, 200, 80, 32 ...
Answers (1)
Why would an advertiser use a mixed-media approach? It is less expensive than a homogeneous media mix It gives more exposure than a heterogeneous media plan It is easier to schedule than any other type of media mix It produces an effect where the
Answers (1)
Select the answer that best decribes what an opportunity cost is
Answers (1)
Suppose the U. S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up to $5,000 for the old automobiles.
Answers (1)
What are the principal accounting reports involved in the financial reporting process? in general terms, what is the purpose of these reports?
Answers (1)
Home » Business » Imperfect markets: a. always result in supply exceeding demand. b. occur when the buyer or seller has an influence on the price. c. do not exist in democracies. d. can't occur if there are many buyers and many sellers. e.
Sign Up Forgot Password?