The equilibrium rent is $1600 while the equilibrium quantity is 6800
When quantity demanded is equal to the quantity supplied, the market is said to be in equilibrium. The price at this point is equilibrium price. The quantity at at this point is equilibrium quantity.
In order to determine equilibrium price, equate the quantity demanded and quantity supplied equation
QD = QS
10,000 – 2P = 2,000 + 3P
Combine similar terms
10,000 - 2,000 = 3P + 2P
8000 = 5P
P = $1600
Substitute for monthly rent in the quantity demanded equation
10,000 - 2(1600)
10,000 - 3200
Equilibrium quantity = 6,800
A similar question was solved here: brainly.com/question/14746196?referrer=searchResults
The correct answer is Neutral stance
The demand curve shows the amount of a product that consumers are willing and able to buy at each possible price.
Resources have two factors that impact their demand curve. These two factors are the price of the product made by the resource and the productivity of the resource. The productivity of the resource denotes the output (expressed either as units produced or as economic value) per unit of resource input.
Answer:
C)
Explanation:
He can file a strict liability lawsuit against Big Ben Forts for failure to provide adequate instructions on assembling the product.
Answer:
central tendency distributional error
Explanation:
There are three types of distributional errors:
- severity.- when the person in charge of rating is too strict and rates the employees with a poor grade.
- leniency.- when the person in charge of rating is too lenient and rates the employees with a high grade.
- central tendency.- when the person in charge of rating does not want to assume responsibility and rates the employees with a middle grade, not bad, not good.
