Answer: it increases competition
Explanation:
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The equilibrium price is $0.5 while the equilibrium quantity is 8.5
From the Demand data that we have in this question,
Slope = 3
Intercept = 10
The demand equation
D = -3p + 10
D = 10 - 3p
The supply data
Slope = 5
Intercept = 6
Supply equation
S = 6 + 5p
D = S
This is because at equilibrium, <u>supply = demand</u>
Therefore,
10-3P = 6+5P
collect like terms
10-6 = 3p+5p
4 = 8p
Divide through by 8
Equilibrium price = $0.5
The equilibrium quantity
D = 10 - 3*0.5
= 10-1.5
= 8.5
Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5
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When the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in "neutral fiscal policy".
<h3>What is neutral fiscal policy?</h3>
When a government choice to tax, spend, or borrow has, or is meant to have, no overall impact on the economy, the action is considered fiscally neutral. Changes in policy can be viewed as neutral in terms of either their macroeconomic, microeconomics, or both effects.
fiscal neutrality occurs when taxes and government spending have no net effect-
- on the overall budget,
- total demand,
- economic activity.
To know more about the difference between macroeconomics and microeconomics, here
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Answer:
$120,000
Explanation:
Total amount for inclusion in determining Mill Corp's net income or loss is as follows.
- Net loss from disposal of business segment = $100,000
- Property tax for 6 months to June 30, 20x5= $40,000 * 0.5 = $20,000
Therefore, total amount for inclusion = $100,000 + $20,000 = $120,000.
