The shortage caused by the price ceiling is 160.
<h3>What is the shortage caused by the price ceiling?</h3>
A price ceiling is when the government places a limit on the highest amount a good or service can be sold for. It is binding when it is placed below equilibrium price.
Because price is below equilibrium price, there would be a shortage.
Shortage = quantity demanded - quantity supplied
640 - 480 = 160
Please find attached the required table. To learn more about a price ceiling, please check: brainly.com/question/24312330
Answer:
. All countries can gain from trade if they all specialize in production according to comparative advantage
Explanation:
Comparative advantage is when a country produces a product at a lower opportunity cost when compared with its trading partners.
Absolute advantage is when a country produces more quantities of goods and services than its trading partners.
A country can still have comparative advantage in production if opportunity cost is increasing once it's opportunity cost doesn't become greater than that of its trading partners.
A country can have comparative advantage without having absolute advantage.
I hope my answer helps you.
Answer: APR = 7.8%
Explanation:
Initial money in account = $72000
After 5yrs it becomes $100,000
Interest in 5yrs = $100,000 - $72,000
= $28,000
Interest per year = $28,000/5 = $5600
APR = 5600/72000 x 100%
= 0.078 x100% = 7.8%
Answer:
A) Part-time members must sever employment relationships with former employers
D) IASB shall comprise 16 members, and up to 3 of those members may be part-time
Explanation:
Since December 1, 2016, the International Accounting Standards Board (IASB) has 14 board members (reduced from 16 by the 2015 constitution review). All of the 14 members are full time members, there are no more part time members. Each member is appointment for a 5 year initial term that can be renewed for either a 3 or 5 year second term. But no member can serve for more than 10 years.
Answer:
Government should spend more on education because if they do there will be many more skilled workers.
Explanation: