Answer:
The expectation would be for the quantity supplied to increase more this summer than in the following summers.
Explanation:
The quantity supplied would increase because the quantity supplied always follows the same direction as price, and since the price is not expected to change for a few years, then the quantity will also not change after the first increase.
Answer: Setting interest rates and acting as a lender to banks
Explanation: The Fed or the Federal reserve is a central banking authority in any nation. It is responsible for maintaining the money supply in the economy. Some of the functions performed by the central bank are,
a. Setting interest rates and acting as a lender to banks
b. Print currency notes and coins
c. Setting the repo and the reverse repo rates
d. Clearing inter bank payments.
Therefore, the correct option is Setting interest rates and acting as a lender to banks.
Answer:
Correct answer is D, $10,300
Explanation:
In order to get the net income, we must compute the Total revenue first, then deduct the total expenses. The total revenue for the month of March is $19,000 ($16,000 + $3,000). Then the total expenses is $8,700 ($2,000 rent + $6,200 salaries + $500 utilities expense). Therefore, $19,000 less $8,700 is $10,300.
Let the original price be x.
then,
x- 25% of x= 24
x- 25x/100 = 24
x- x/4=24
3x/4=24
3x= 96
x= 32
in short...the original price= 32 dollars
