Answer:
The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity
.
Explanation:
An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.
Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>
Answer: 12.5 %
Explanation:
Hi, to answer this question we have to apply the simple interest formula:
I = p x r x t
Where:
I = interest (investment after interests - principal; 12000-8000=4000)
P = Principal Amount (initial invest)
r = Interest Rate (decimal form)
t= time
Replacing with the values given
4,000= 8,000 (x) 4
Solving for x
:
4,000= 32,000x
4,000/ 32,000 =x
x= 0.125
Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.
0.125 x 100 = 12.5 %
Feel free to ask for more if needed or if you did not understand something.
Rhetorical explanation or definition.
Here, the reader is supposed to agree with the author's sentiments and negative opinion of taxation (through the use of the "charged" words such as oppressive and hard-earned). Rhetorical explanations often convey a certain feeling for the reader; here, the reader feels the negative and unjust feelings regarding taxation.
Answer:
a. Annual consumer expenditure
9,000,000,000* $0.24= $2.16 billion
b. farmers receive for wheat production
19,000,000,000* $0.24=$4.56 billion
c. government expenditure on wheat
total production by farmers minus total purchase by consumers (because excess production is stored by the government)
$4.56 billion - $2.16 billion = $2.46 billion
