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Mrrafil [7]
3 years ago
11

Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.

Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

True (Dead-weight loss )

Explanation:

When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.

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Please decide whether each of the follow scenarios related to the loanable funds market will result in a shift in supply or a sh
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Answer:

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2. When a ban is imposed on fast food restaurants, the amount loanable funds demanded by the fast food industry reduces, leading to a leftward shift m the demand curve of loanable funds.  

3. When fast food restaurants are allowed to open franchised locations, the amount loanable funds demanded by the fast food industry increases, leading to a rightward shift m the demand curve of loanable funds.  

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4 years ago
What are four steps I should take to prepare for a records management career?
irakobra [83]

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<span>2.    Enroll into an entry level records management position</span>

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4 years ago
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3 years ago
What interest is paid for three months on $960 at 2 74% annual interest paid quarterly?​
3241004551 [841]

Answer:

$6.64

Explanation:

The applicable formula

A = p x ( 1+ r)^ n

A =amount after 3 months

p=principal amount: $960

r = interest rate : 2.74% per year or 2.74/12 per month =0.23% or 0.0023

n = 3 month

A = $960 x ( 1+ 0.0023) ^3

A =$960 x (1.0023)^3

A =$960 x 1.00691

A=$966.64

compound interest Earned

=$966.64 - $960

=$6.64

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3 years ago
1. Hiram and Adasha both make meatloaf and bake bread. It takes Hiram three hours to bake six loaves of bread and two hours to m
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Explanation:

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