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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
324 Chapter 16
produce some goods in excess of demand and some goods much less than the prevailing demand; and
workers may not be able to nd right wages and right place for their employment.
In general, market system works with imperfect, incomplete and inaccurate information. e major
sources of information regarding market price of consumer goods are retailers, friends, neighbours and
relatives, and news media. All these sources produce incomplete information. Besides, almost all prices
are negotiable. What consumers pay depends on their bargaining power. is causes uncertainty regard-
ing the price. As regards the quality of the products, ...
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Publisher Resources

ISBN: 9788131797655