All categories

3 years ago

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

Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII

andriy [413]

Answer:

I.Communicates business activities

II.Identifies business activities

III.Records business activities

IV.Helps people make better decisions

Explanation:

Accounting is an information measurement system that identifies business activities, records the business transactions as they occur, in order in which they occur, communicate the result of operations to interested parties which helps all the stakeholders make informed decision.

The main goal of accounting information is to communicate the true and fair view position of the entity to people that may want to make informed judgment on the entity.

7 0

3 years ago

Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.

RideAnS [48]

Answer:

Laser printer

Explanation:

Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.

5 0

3 years ago

Ứng dụng thuyết X Y Z vào công ty Honda Việt Nam

Arlecino [84]

Answer:

I d speak this language sorry <3

7 0

3 years ago

Tim, who works for Peachtree Realty, referred a buyer to a broker who works for Pinetop Realty. The referring agent is to receiv

IrinaK [193]

Answer:

$1,312.50

Explanation:

Calculation for How much was the referring agent paid

First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home

Using this formula

Buyer agent amount =Buyer's agent percentage× Home purchased amount

Let plug in the formula

Buyer agent amount=1.5%×$350,000

Buyer agent amount=$5,250

The last step is to find How much was the referring agent paid

Using this formula

Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission

Let plug in the formula

Amount referring agent paid=$5,250×25%

Amount referring agent paid=$1,312.50

Therefore the amount that the referring agent paid will be $1,312.50

5 0

3 years ago

Consider the following five situations. In which situation would a borrower be best off and in which situation would a lender be

umka2103 [35]

Answer:

The borrower is best off in situation "a" and the lender is best off in situation ▼ "C" .

Explanation:

Considering all the situations given in the options, the borrower is best in situation a and lender is best off in situation in c.

Part a

Real Interest rate = Nominal Interest rate - Inflation rate = 14 - 17 = -3 per cent. Thus, the purchasing power of money has fallen and the person has to pay back money with little purchasing power as compared to the value of the purchasing power at the time he borrowed money. Thus, borrowers are best off.Thus, borrower is best off when the inflation rate is very high.

Part c

Inflation rate is negative, thus the purchasing power of money will increase and lenders will get back money with higher purchasing power as compared to the value of the purchasing power of money at the time he lend the money. Thus, lender is best off when inflation rate is lowest.

5 0

3 years ago