Answer:
A
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce
To: Stacy Shoe, Allen Sock, Emma Johnson
From: Alina Kincsem (write your name here)
Subject: How to open a word processing document
Date: October 12, 2018
This is to instruct the employees to turn the computer on and open a word processing document. Following steps are to be followed in order to do this:
1. Press your PC's power button and wait until the desktop screen appears.
2. Click on the start screen at the bottom left corner.
3. Go to the search bar and type 'MS Word' and click on its icon when it appears in the search.
4. Now a blank word processing document would open in front of you. You may create any document in it that you wish to.
Good luck with your task.
Answer:
The cost of the equipment when it was acquired on January 1, 2011 is $10000
Explanation:
10000÷5=2000
2000*10=20000
20000 80%
X 100% X=25000
25000*20%= 5000 25000-20000=20000
2011 2000
2012 2000
2013 2000
2014 2000
2015 2000 10000
Answer:
Quantity demanded of B/percentage change in price of A.
Explanation:
Cross price elasticity of demand is calculated as follows:
= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A
Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.
For Substitute goods:
It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.
For complimentary goods:
It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.
<span>The point of the long-run aggregate supply curve.
I hope this helps!
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