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
SVEN [57.7K]
3 years ago
13

The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity and price? Price per Pound Qd

Qs $5.00 26 16 $6.00 24 18 $7.00 22 20 $8.00 21 21 $9.00 20 22 Select the correct answer below: There is no equilibrium present. q=24,q=18,p=$6.00 q=8,p=$21.00 q=21,p=$8.00

Business
1 answer:
Hoochie [10]3 years ago
8 0

Answer:

Equilibrium price is $8

Equilibrium quantity is 21

Explanation:

Equilibrium occurs where quantity demanded equals the quantity supplied. At equilibrium, both buyers and sellers are satisfied and there's no incentive to change the price and quantity demanded.

Equilibrium price is the price where equilibrium occurs. In this question, it is $8.

Equilibrium quantity is the Quanitity where equilibrium occurs. In this question, it is 21.

Graphically, equilibrium is found where the demand curve intersects the supply curve.

Please check the attached image for a graphical representation of Equilibrium.

I hope my answer helps you

You might be interested in
MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
Ray Of Light [21]

Answer:

The price of the product is $59

Explanation:

Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below

Contribution margin ratio = Contribution margin per unit / Selling price per unit

23% = $13.57 / Selling price per unit

Selling price per unit = $13.57 / 23% = $59

3 0
3 years ago
Carolyn owns a small business that designs air conditioning units for large buildings. A construction company that's building an
guajiro [1.7K]

Carolyn should contact them and offer her services on the job, furthermore she should set a meeting to discuss the specifics of the project.

8 0
3 years ago
Read 2 more answers
PLEASE HELPPP
motikmotik
Answer:
I envision myself 10 years from now in a beautiful 2 story house. A nice luxury sports car, and I envision myself being a Real Estate agent.
I would like to be Independent, and learn what is it like to live on my own. And learn new things. I will need to pay for things like: Electricity, Gas, Water, and food. I'll need a stable job, and a reliable car.
It would cost around 1,200$ each month.
It would be 14,400, without taxes.
It's about 15,000 dollars compared to my 14,400 for necessities. So if I work Minimum wage I could afford to live. I would make 600$ less though.

I will be within my Budget, I will be able to afford everything that I need.

I could learn from others who have been successful in their life. And I could work my way up into a company, or make my own based off of the knowledge that I gained from learning from others.

If I stick to a budget, I will have money left over. And it will teach me to be more responsible with my money and it will also teach me to save.

Whenever I could.

Explanation: You can change it, if you want.

4 0
1 year ago
You're optimizing a client's Shopping campaign to drive online sales and are assessing the company's website. You determine that
skad [1K]

Answer: must allow shoppers to go back to their shopping cart when using their desktop computer.

Explanation: It important to use strategies that maximise the size of the mobile screens of people's phones when making a mobile website. This makes it easier for people to return to their shopping cart when they are on their desktop computer, thereby allowing them to carry on again on their desktop, to complete their purchase.

8 0
3 years ago
Many people have argued that an income tax should be​ "marriage neutral," that​ is, two people should pay the same total tax whe
worty [1.4K]

Answer:

Ben would pay more in taxes.

Explanation:

A progressive income tax increases the tax rate as the taxpayer earns more money.

In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.

7 0
3 years ago
Other questions:
  • Material evidence for trade between settlers along the baltic and southern europeans, during the ice age thawing period,
    6·1 answer
  • Chips Corp., has contacted Cierra with an offer to sell to Cierra 10,000 of the chips for $22.00 per chip. If Cierra accepts the
    13·1 answer
  • Why is it important to write a business plan?
    5·2 answers
  • International trade promotes economic growth when it allows any two countries to grow (in their combined production) beyond (abo
    5·1 answer
  • You are looking to invest in one of three stocks. All other things being equal, Stock A has high expected earnings growth, stock
    8·1 answer
  • The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.
    11·1 answer
  • Which particular demographic do you think has the most effect on consumer purchasing decisions? Explain.
    12·1 answer
  • Explain one advantage of using retained profit as a source of finance. ​
    13·1 answer
  • Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
    11·1 answer
  • Common resources fall into five general groupings. They include __________, Teams, Facilities, Equipment, and Supplies.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!