Answer:
the warehouse leader at the legacy of cabinet company?
Step-by-step explanation:
Answer:
yes
Step-by-step explanation:
To be honest, these answer choices are a bit baffling. The best answer in my opinion would be to do at least two of the three options given below.
- Place a price floor above the equilibrium.
- Decrease imports from other countries.
- Reduce current supply (reduce herd sizes).
Doing that should increase the prices.
Placing a floor above equilibrium will force the equilibrium to move upward, and with the reduce in supply from other countries, demand will shift toward the domestic producers. Without the demand shift, there simply would be an oversupply or surplus of dairy. Either the surplus is thrown away or its simply housed somewhere else (often at taxpayer expense).
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If you place a ceiling below equilibrium, then the price will go down to that ceiling value. That will be the highest price possible. This is the opposite of what the farmers want. It gets even worse when you increase milk imports (since supply goes up leading to further reduced prices). So that rules out choice A.
If you place a ceiling above equilibrium, then nothing happens. The price stays at equilibrium. Nothing too exciting here. This rules out choice B (though I agree with the "decrease imports" portion).
If you set a floor below equilibrium, then nothing happens similar to the last paragraph above. The price stays where it is. We can rule out choice C. Reducing herd sizes will reduce supply so that could maybe increase prices.
I'm not really familiar with the term "arbitrage" so I probably won't be any help here. That seems like an answer choice that is a distraction, but I'm not sure.
To answer this, we will need to know:
• The slope of the equation we are trying to get
• The point it passes through using the
First, we will need to find the slope of this equation. To find this, we must simplify the equation

into

form. Lets do it!

=

(Subtract 3x from both sides)
=

(Divide both sides by 5)
The slope of a line perpendicular would have to multiply with the equation we just changed to equal -1. In other words, it would have to equal the
negative reciprocal.The negative reciprocal of the line given is

.
Now that we know the slope, we have to find out the rest of the equation using the slope formula, which is:

Substituting values, we find that:

By simplifying this equation to slope-intercept form (By cross-multiplying then simplifying), we then get that:
, which is our final answer.Thank you, and I wish you luck.