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Valentin [98]
3 years ago
13

If the demand curve for tickets to a taping of a television show intersects the supply curve for tickets to that show at a negat

ive price, then in order to put that market in equilibrium the producers would need to pay people to view the show being taped.A. TrueB. False
Business
1 answer:
Ratling [72]3 years ago
7 0

Answer: A. True

Explanation: A demand curve is the graphical representation of quantity of goods demanded and price. The price is at the left vertical axis and the quantity is at the right horizontal axis.

When demand and supply intersect, there is price equilibrium that is the quantity demanded and the quantity supply are same. The market can move below or about this equilibrium.

As the television show intersect the supply curve at a negative price, an increase in views will put it back to an equilibrium price .

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D

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Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This
zmey [24]

Answer:

we can look at this problem from 2 different point of views:

if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.

if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.

Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.

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2 years ago
¿Cómo se puede eliminar un exceso de oferta en el sistema económico de mercado?¿De qué modo se puede actuar en el caso de que ha
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Explanation:

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5 0
3 years ago
We have the following data for a hypothetical open​ economy: GNP​ = ​$10 comma 00010,000 Consumption​ (C) = ​$8 comma 2008,200 I
jok3333 [9.3K]

Answer:

Current account​ balance. = -$600

Explanation:

Given:

GNP = $10,000

Consumption (C) = $8,200

Investment (I) = $1,200

Government Purchases (G) = $1,200

Find:

Current account​ balance.

Computation:

GNP = Consumption (C) + Investment (I) + Government Purchases (G) + Current account​ balance.

$10,000 = $8,200 + $1,200 + $1,200 + Current account​ balance.

Current account​ balance. = $10,000 - $10,600

Current account​ balance. = -$600

7 0
3 years ago
Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa
BartSMP [9]

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

3 0
3 years ago
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