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
julia-pushkina [17]
3 years ago
8

Suppose demand and supply are given by Qd = 60 - P and Qs = 1.0P - 20.

Business
2 answers:
Rufina [12.5K]3 years ago
7 0

Answer:

-Quantity demanded , quality supplied 20

-Magnitude of the shortage if a price ceilimg of 30, is 20

-Full economic price equilibrium 40

Explanation:

We have to equate both of them to find,

1.0P-20=60-P

2P=80

P=40

Now put the value of p, p=40

Qd=60-40

Qd=20

Now put the value of p, p=40

Qs=1.0P-20

Qs=1×40-20

Qs=20

Given in question 30 is applied

Qd=60-30

Qd=30

30 applied,

Qs=1.0P-20

Qs=1×30-20

Qs=10

Shortage is hence, 20.

Zepler [3.9K]3 years ago
5 0

Answer:

The quantity demanded and supplied at equilibrium is is 20

When there is a price imposition of $30, the shortage is 20

Full economic price is $40(equilibrium price)

Explanation:

At equilibrium Qd=Qs

60-P=1.0P-20

60+20=2P

2P=80

P=$40

Qd=60-40

Qd=20

Qs=1.0P-20

Qs=1*40-20

Qs=20

When a price of $30 is imposed :

Qd=60-30

Qd=30

Qs=1.0P-20

Qs=1*30-20

Qs=10

Shortage is =30-10

                   =20

You might be interested in
<11{6[1(07)71]}> The higher the price of an antique, the greater people’s expectation that the object is rare. That, in tu
ollegr [7]

Answer:

a. should be discouraged because it lessens a quality that makes that antique desirable

Explanation:

In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.

8 0
3 years ago
Kyle plans to punch patrick. he calls patrick and tells him he will punch him tomorrow at 4:00 pm. at 2:00 pm the next day, kyle
stepan [7]
<span>Technically, Kyle lied to Patrick about the time at which he would punch him. However, there is no contract to prove that this was what was said on the phone (heresay). Additionally, it does not mention that there was any sort of agreement or consideration made between the two of them regarding this. And even if there was, there might be a legality issue due to the fact that punching is both assault and battery when committed on a person, so the contract may not even be enforceable. In terms of civil torts, Kyle didn't really commit anything that is pursuable in court, but did commit battery and assault. If Patrick fell or hit his head further and was injured/killed, he would be liable for an involuntary action, of which would be manslaughter if Patrick died. He would also be able to be sued for wrongful death by Patrick's family.</span>
3 0
3 years ago
Read 2 more answers
The narrowest definition of the money supply (M1) includes:
fenix001 [56]

Answer:

c. cash, checking account balances, and travelers' checks.

Explanation:

Money Supply is the concept that means the amount of the liquid financial products and total currency in the market or economy. It is regulated the macro-economically by the monetary policy. So, there are types of measures of money supply or stock:

-M0: narrowly, it means the hard currency in circulation

-MB: it equals M0+ the hard currency which are not technically in circulation and in bank reserves.

-M1: it is the most common one and equals M0 plus checking accounts plus travelers’ checks and other checkable deposits.

-M2: covers M1 and saving accounts and CDs.

-M3: it surrounds the larger deposits.

-MZM: finally, this indicates the money market deposits.

That’s why we could notice that M1 narrowly means the cash, checking account and travelers’ checks.

5 0
3 years ago
Accounts receivable are assets on a balance sheet most likely because they represent the?
Ierofanga [76]
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
4 0
3 years ago
What is the depreciation tax shield if EBIT is $600, depreciation is $1,800, and the tax rate is 30 percent
eduard

The depreciation tax shield based on the EBIT, the tax rate and the depreciation is $540.

<h3>How do you find the depreciation tax shield?</h3>

This can be found as:

= Depreciation x Tax rate

Solving gives:

= 1,800 x 30%

= $540

Find out more on the depreciation tax shield at brainly.com/question/24192125.

#SPJ1

5 0
2 years ago
Other questions:
  • A group of medical doctors are interested in incorporating their business. there is no advantage due to the costs involved. fals
    9·1 answer
  • If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in
    14·1 answer
  • Jensen Automotive produces alternators for American-made cars. They generally use a static budget with the following costs based
    8·1 answer
  • Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go
    10·1 answer
  • LLAP Company manufactures a special-ized hoverboard. LLAP began 2017 with an inventory of 240 hoverboards. During the year, it p
    9·1 answer
  • Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold
    6·1 answer
  • I'll give Brainliest to whoever has the best answer.
    9·2 answers
  • Mua áo thể thao, tìm hiểu được 3 mẫu áo trên thị trường.
    6·1 answer
  • Explain at least two elements of the free enterprise system here in the U.S.
    15·1 answer
  • Sometimes using a credit card is a better idea than using cash. Give some examples and explain your thinking
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!