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Declining housing prices led to decrease in demand?

Blanchard et al are clearly not talking about housing demand but aggregate demand. That is crystal clear from the context of the chapter. Literally sections 6.1-6.4 of the chapter 6 examine how ...
1muflon1's user avatar
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Interpreting the q-intercept of the demand curve

In a perfectly competitive market, firms produce where marginal cost (MC) equals marginal revenue (MR). So, if the P=0 the firm's MC would have to equal zero. That, in turn, means the firm is ...
David Pineault's user avatar

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