Supply curves are created when the data from a supply schedule is graphed. The correct answer is C.
The correct answer is B.
A price floor is a policy established by economic authorities that consists on setting a threshold so that the price of a certain product or service cannot decrease under that. It distorts the market outcome when it is larger than the equilibrium price, because the amount supplied at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply or surplus. Therefore, <u>the market does not clear because the rationing function of prices has been externally influenced. </u>
A price ceiling is a similar policy established by economic authorities. A threshold is set so that the price of a certain product or service cannot increase over it. It distorts the market outcome when it is smaller than the equilibrium price, because the amount supplied at the price ceiling level would the smaller than the amount demanded by consumers and, hence, there is an excess of demand of shortage. Again, <u>the market does not clear because the rationing function of prices has been externally distorted. </u>
<em>A market clears when the equilibrium is reached and the amount supplied equals the amount demanded, so that the desires of both producers and consumers meet. </em>
Advertisers need to consider the amount of expense it needs for marketing inclusive of spend and loss, the current state of the mobile channels including service providers and electronic devices for communication, the amount of traffic needed and the market.
Answer:
a. Opportunity #1
Explanation:
Opportunity #1 is best suited to Madison according to her preference. She has goal to become an actor in the long term. In the opportunity #1 she can take roles at community theater. This will enhance her skills and add up to her experience. She can learn from her experience at the theater and broaden her acting experience. She can also network with the peers in the theater and she can learn from them also.
Answer:
The shop would shift production to oil changes and away from brake checks
Explanation:
Production possibility represent the products or services in which the company will focus their resources on in the future.
When there is a discount on oil change, there will be higher number of customers who come in in order to ask for that service.
Since there is no additional employees during this discount period, that existing employees to check brakes will be transferred to providing oil change services. This will make the curve shift production to oil changes and away from brake checks
