Answer:
D. decrease in the price of MP3 players
Explanation:
The above is the correct answer.
"Ceteris paribus" is a Latin phrase which means "all else being equal". The decrease in the price of MP3 players is the changes that does NOT violate ceteris paribus.
The selected option is talking about MP3 player. The MP3 player doesn't fit into the demand for CD players. It is the odd there which doesn't violate.
Option D is the correct answer.
South was not in favor of the enfranchisement of the African American and did not like it.
<u>Explanation:</u>
Black enfranchisement meant when the African American got the right to vote in the United States of America. This was the passing of the fifteenth amendment of the United States constitution which gave the males belonging to black community right for voting.
With the enfranchisement, these got the right to vote and were given more equal opportunities and rights. But the southern people did not like this enfranchisement.
Answer:
B.
Explanation:
Because it talks about peer pressure. Harold said his friend is being chickened.
The question asks which of the following, but there are no choices. I don't know if it is supposed to be answered in context to a specific situation, so I'll just explain what happens with price ceilings in general.
Assuming the government sets the ceiling below the equilibrium price (where supply and demand cross), demand will be higher while supply will be lower. This is due to the fact that consumers want to buy more since the drinks are cheaper, and producers want to produce fewer bottles since they are not making as much money. This creates a shortage.
The new quantity supplied will be where the supply curve crosses the horizontal price ceiling line, and the new quantity demanded will be where the demand curve crosses the price ceiling.
If we were to draw the graph of supply and demand, the area to the left of the equilibrium point and between the supply and demand curves represents total surplus. The area above the equilibrium price (NOT the price ceiling) and below demand is consumer surplus because there is extra value that consumers are willing to pay, however they don't have to because the price is lower. The area below the equilibrium price and above supply is producer surplus because The price is higher than the minimum value the producer has for the product.
That being said, with a price ceiling in place, the new price is lower and the quantity supplied is less. That means that there is less total surplus. This results in deadweight loss.
