Answer:
In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The numbers and equations used here are simplified based on the results of a much more complicated model.) Demand is given by QD = 105 − 1.5P where QD is in millions of tires per year. Supply is QS = 1.5873P − 15.87.
Explanation:
I believe the answer is: Be less than
.
Without price control, the sellers/producers tend to have the tendency to keep increasing the selling price of the product in order to maximize their profit. When this happen, the demand of that product would be decreased which resulted in over supply of the product.
Answer:
The correct answer is option a.
Explanation:
An economic outcome is said to e efficient if the economy can produce the maximum amount of goods and services using all the scarce resources it has. If the production of anyone good cannot be increased without decreasing the production of any other good, the production is said to be efficient.
If the economy can increase production without additional resources then the current level of production is not efficient.
Answer:
the market quantity supplied is less than 250 scoops when the price is $2 per scoop
Explanation:
When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245
At the price $2, the total quantity supplied is less than 245
Answer:
Technically yes
Explanation:
if you think about it marketing strategy and competitive position are the same thing bc lower and higher are in common
