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Zinaida [17]
3 years ago
15

Suppose the current price of a good is $160. At this price, the quantity supplied is 130 units, and the quantity demanded is 55

units. For every $1 decrease in price, the quantity supplied decreases by 5 units and the quantity demanded increases by 10 units.
At the current price, the quantity demanded is (greater or less) than the quantity supplied. This means that the market is currently experiencing a (shortage or surplus) . In order to adjust, the market price will (increase or decrease) until the quantity demanded and quantity supplied are equal. The result is an equilibrium quantity of $_____ and an equilibrium price of $_____?
Business
1 answer:
mixer [17]3 years ago
7 0

Answer:

80, 85

Explanation:

At current price,

Quantity Demanded is less than Quantity supplied

As Qd = 55, Qs = 130

• so market is currently experiencing a surplus, as Qs > Qd

•so to adjust, market price will decrease,

so that Quantity Demanded rise & Quantity supplied falls, till Qd = Qs

• eqm Q = 105

• eqm P = $ 155

As if P falls by 1, then P = 159

Qd = 55+10 = 65

Qs = 130-5 = 125

If P = 158, Qd = 75, Qs = 120

If P = 156, Qd = 95, Qs = 110

P = 155, Qd = 105, Qs = 105

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Answer:

Her sociological imagination.

Explanation:

From the question, we were informed about Jill's parents who were concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using

Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.

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3 years ago
Suppose that, at a given level of disposable income, consumers decide to save more. Explain what effect this decision will have
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Answer: decrease ; less saving

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How do corporate bonds affect the economy
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3 years ago
Define what is meant by the phrase "planning materiality threshold"
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Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

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