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Vlad1618 [11]
4 years ago
8

(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0

.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is
Business
1 answer:
ioda4 years ago
5 0

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

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Answer:

Option C.

1. No

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Pro forma income statementAustin Grocers recently reported the following 2016 income statement (in millions of dollars):Sales $7
tia_tia [17]

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$102 million and 6.25%

Explanation:

The computation is shown below:

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3 0
3 years ago
Which is not capital?
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C Is The Answer I Just Took This My E2020.
6 0
3 years ago
What is the ultimate goal of any marketing communication k
PIT_PIT [208]

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the ultimate goal of marketing communication is tho increase sales of your company's products and services

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A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first con
AnnZ [28]

Answer:

B) Is not a contract because there is no consideration for B's promise.

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In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

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4 years ago
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