Answer:
Binding
$100
200
200
Shortage
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good.
A price ceiling is binding when the price ceiling is below the equilibrium price.
To find the equilibrium price, equate qs to qd because at equilibrium, quantity supplied is equal to quantity demanded.
2P = 300 - P
3P = 300
P = 100
Equilibrium price is $100.
$100 > $90. Therefore, price ceiling is binding.
To find quantity supplied, plug in the value of P into the equation for quantity supplied
QS = 2(100) = 200
To find quantity demanded, plug in the value of P into the equation for quantity demanded
QD = 300 - 100 = 200
when price is below equilibrium price, quantity demanded increases while the quantity supplied decreases. This leads to a shortage.
I hope my answer helps you
The amount I would have in my account at the end of 4 years is $1378.
<h3>How much will I have in my account?</h3>
The amount I would have in my account is the sum of the interest earned and the amount deposited. Interest is a function of the amount deposited, time and interest rate.
Interest = amount deposited x time x interest rate
$1300x 4 x 0.015 = $78
Account value = 1300 + 78 = $1378
To learn more about interest, please check: brainly.com/question/26164549
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Answer: Reminder advertising
Explanation:
A reminder advertising is an advertisement that is designed to remind customers of an existing or well-known product. Reminder advertising is a marketing strategy that usually consist of brief messages that is sent with the aim of reminding the target consumer about a product, or service.
Anheuser-Busch, every December runs television advertisment which features horses pulling a stagecoach that has the Anheuser-Busch logo. This is a reminder advertisement as the company is reminding the people about its products.
Answer:
“Should” or “should not” depend on the cost rate of the option and the risk appetite of investors.
Explanation:
An option is a contract that allows investors to buy or sell instruments such as security, Exchanged Traded Fund or an index at a pre-determined price over a certain period of time.
If the option will cost the investor an additional $10,000 and it is the cost for an option of $10 million investment, then it cost only 0.1% additionally, but it can secure the position of this investment; then the investor should buy this option.
Vice versa, if the additional $10,000 is much more than expected profit, and even lower but significantly drop down the total profit of an investment; and the investor always wish to have a high profit regardless high risk; then he shouldn’t buy this option.