Answer:
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Answer:
A) a non-binding price floor
Explanation:
A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.
A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.
The correct answer is letter C. Pre-Sales
Pre-Sales is carried out before a producer managed to acquire customers, sometimes even before the products are being launch.
Usually customers get a significant amount of discount if they bought the product through pre-sales process, but they have to wait a little bit long before they got the products
Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒
⇒
⇒ (%)