Answer:
a. 15,000
Explanation:
At the equilibrium, the price is $100 and quantity demanded equal to supplied equal to 500.
At the ceiling price of $50, quantity supplied is 200.
When there is 200 products demanded, the price is at $150.
The dead weight loss is the cost created by the market inefficiency when the supply and demand is out of the equilibrium.
The dead weight loss is illustrated by the red triangle and can be calculated as following:
+) 1/2 x(500-200) x (150 - 50) = $15,000
Answer:
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Explanation:
Martin Luther King wrote his "Letter to Birmingham Jail" after spending time in jail and realized his real purpose of ending segregation. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
Answer:
A TVET qualification is usually quicker to obtain and at a lower expense. It is also more focused on getting you into the workforce quicker. University programmes are geared towards the transfer of knowledge rather than skills. A university degree can cost between R31 500 and R56 000 a year.
Explanation:
Answer:
The rising and falling of the tides would cause water levels around Jamestown to rise and cause fresh water streams to become brackish.
Explanation:
The rising and falling of the tides is likely to make the fresh water salty. This is because ocean water is salty and the rising and falling of tides will cause the fresh water to mix in the ocean water. in the given case, the event is likely to occur twice daily so it will increase the chances of fresh water streams turning salty.