The Principles of Wealth And Welfare Economics for High Schools
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In our eReader you can find the full English version of the book. Read The Principles of Wealth And Welfare Economics for High Schools Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Principles of Wealth And Welfare Economics for High Schools
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These changes in the demand and the supply, as well as the uncertainty as to the amounts of either, necessarily cause fluctuations in the mar- ket price. To calculate, under such conditions, exactly what the market price will be in the future is, to say the least, very difficult, if not indeed impossible.
And the market price under such actual con- ditions never exactly equals the cost of produc- ing the goods. Let us illustrate. During one season the market price of raw cotton ranges from 10 c...ents to 17 cents a pound, while during the following season the market price ranges from 7 cents to 1 1 cents. These great changes in the market price are due in part to the changes in the cost of producing cotton, but the cost of production during these two succes- sive seasons does not change materially. In fact, the cost of producing a pound of cotton is only slightly greater the first year than it is the second. During both seasons the market price is in the main greater than the cost of production.
What to read after The Principles of Wealth And Welfare Economics for High Schools?
You can find similar books in the "Read Also" column, or choose other free books by Charles Lee Raper to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These changes in the demand and the supply, as well as the uncertainty as to the amounts of either, necessarily cause fluctuations in the mar- ket price. To calculate, under such conditions, exactly what the market price will be in the future is, to say the least, very difficult, if not indeed impossible.
And the market price under such actual con- ditions never exactly equals the cost of produc- ing the goods. Let us illustrate. During one season the market price of raw cotton ranges from 10 c...ents to 17 cents a pound, while during the following season the market price ranges from 7 cents to 1 1 cents. These great changes in the market price are due in part to the changes in the cost of producing cotton, but the cost of production during these two succes- sive seasons does not change materially. In fact, the cost of producing a pound of cotton is only slightly greater the first year than it is the second. During both seasons the market price is in the main greater than the cost of production.
What to read after The Principles of Wealth And Welfare Economics for High Schools?
You can find similar books in the "Read Also" column, or choose other free books by Charles Lee Raper to read onlineMoreLess
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