Assume an increase in the price from the EQUILIBRIUM PRICE as established in # 1 above, SHOW GEOMETRICALLY (using a graph) the effect of such an increase in Price ABOVE THE EQUILIBRIUM point. What “economic problem” is created in the market. Measure geometrically the magnitude or distance of such “economic problem”. In the face of such an economic problem, where private sector buyers and suppliers could not do anything more (and considering the PERISHABILITY OF THE VEGETABLE PRODUCT), which economic actor should come to intervene properly? Discuss what should that intervener do amidst such economic problem faced by the microeconomic actors -- the buyers and the sellers.

Assume an increase in the price from the EQUILIBRIUM PRICE as established in # 1 above, SHOW GEOMETRICALLY (using a graph) the effect of such an increase in Price ABOVE THE EQUILIBRIUM point. What...

Assume an increase in the price from the EQUILIBRIUM PRICE as established in # 1 above, SHOW GEOMETRICALLY (using a graph) the effect of such an increase in Price ABOVE THE EQUILIBRIUM point. What “economic problem” is created in the market. Measure geometrically the magnitude or distance of such “economic problem”. In the face of such an economic problem, where private sector buyers and suppliers could not do anything more (and considering the PERISHABILITY OF THE VEGETABLE PRODUCT), which economic actor should come to intervene properly? Discuss what should that intervener do amidst such economic problem faced by the microeconomic actors -- the buyers and the sellers.

Jun 10, 2022