If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Economics answer enough?

Take Your Pants Off · 2016-11-13 14:41:46

The qs is: With the aid of labelled diagrams, explain the impact which the entry of new firms would had on the market. Obviously ill put in the diagram but would this explanation be enough for full marks: Market supply curve shifts out toe the right The market price falls Individual firms d/c falls/its price falls Firms…

Options

13-11-2016 3:41pm

#1

Take Your Pants Off

Registered Users Posts: 1,517 ✭✭✭

Join Date: August 2013

Posts: 1259

The qs is: With the aid of labelled diagrams, explain the impact which the entry of new firms would had on the market.

Obviously ill put in the diagram but would this explanation be enough for full marks:
Market supply curve shifts out toe the right
The market price falls
Individual firms d/c falls/its price falls
Firms will now produce a smaller qty
Amount of snps earned will fall/elimintated.

Because i heard last year from another forumn, they dont accept this and want a broader and more detailed answer to these market qs.

0