1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Sinking fund bonds: A. Are bearer bonds. B. Are registered bonds. C. Require equal payments of both principal and interest over
monitta

Answer:

The answer is D.

Explanation:

Sinking funds require the issuer(borrower) to set aside assets at specified amounts to retire the bonds at maturity. Sinking fund helps the issuer to secure a bond with lower yield.

An agreed amount is deposited at an agreed period (e.g yearly) so as to pay of the par value or principal value at maturity.

6 0
3 years ago
Maureen has a net spendable income of $2,100 per month. She sets up the following transportation budget for herself.
KIM [24]
C is the correct answer
5 0
3 years ago
Explain the relationships among speed, frequency, and the number of poles in a three-phase induction motor
Triss [41]

The synchronous speed (rpm) equals 60 times the frequency divided by the number of pole pairs. For 50Hz, a two-pole motor will have a synchronous speed of 3000 rpm, a four-pole motor of 1500 rpm.

The actual speed is a few percent lower due to the slip of the asynchronous motor.


The slip increases with the torque, typical values are 5–10%. The rated speed for a four-pole motor at 50Hz will thus be something like 1360 rpm. At no-load, the slip is very small.
5 0
3 years ago
By participating in as many newsworthy events as possible, such as visiting orphanages or disaster sites, candidates are often a
nikdorinn [45]
I would say in these cases where candidates are being seen at disaster sites or orphanages for example, they are attempting to catch media attention for their apparent humanitarian qualities and thus garner support amongst the voters.
6 0
2 years ago
Investors who put their own money into a startup are known as
konstantin123 [22]

Hi there!

Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.

The closest answer to angel investors is C. Angels.

I hope that helps u! :)

3 0
3 years ago
Read 2 more answers
Other questions:
  • A country sells more goods and services to foreign countries than it buys from them. It has Select one: a. a trade surplus and p
    9·1 answer
  • after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin hel
    9·1 answer
  • A perfectly competitive industry exists under which of the following conditions? I. The product sold is similar across firms. II
    7·1 answer
  • Brite-Way Lighting is based in California and sells products within the United States as well as to ten foreign countries. Brite
    14·1 answer
  • The advantages of affiliate marketing include _____.  
    7·1 answer
  • Depreciation
    10·1 answer
  • Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet show
    13·1 answer
  • Normally dividend or /and capital gain is reason of investment. Why do you think stockholders of a firm that is performing very
    6·1 answer
  • Your store is running a sale. All dresses are 40% off. One dress sells for $150. How much money will someone buying this dress s
    8·1 answer
  • Interdepartmental politics is a major problem with __________________ communication.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!