Answer:
SUPPLY
LAW OF SUPPLY
Explanation:
Supply is the buyer's ability & willingness to sell at a given price, period of time.
Law of Supply states : Positive relationship between price & quantity demanded, other factors remaining constant. It implies higher price increases supply, lower price decreases supply (other factors same)
Answer: C. Options
Explanation:
An investment adviser is an individual that provides recommendation regarding options to their client and receives compensation in return. This option can anything such as investing in particular stocks or land etc.
Answer:
Output/Input (APEX) <--------
Explanation:
This is the <u>CORRECT</u> answer for APEX.
Answer:
First we need to first find the equilibrium quantity and price during normal times.
The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.
During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,
105-55= 50
During a hurricane, there would be a shortage of 50 bottles of water.
If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.
Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].
Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.
