I believe the answer is D
Answer:
quantity demanded exceeds quantity supplied and a shortage occurs
Explanation:
The options to this question wasn't provided. Here is the link to the complete question: https://www.chegg.com/homework-help/questions-and-answers/equilibrium-price-solar-panels-200-per-panel-price-ceiling-150-per-panel-imposed-happens-m-q22993335
When a price ceiling is below equilibrium price, the good becomes cheaper to consumers, therefore demand increases. While the profit of suppliers fall and suppliers reduce the quantity supplied. This leads to a shortage in the market.
I hope my answer helps you
Answer:
e. All of these choices are correct.
Explanation:
Note:
Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.
Statement b. about sales budget is also correct as it shows the quantity in units and also in value.
Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.
Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.
Therefore all of the above is correct.
Answer:
Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.
Explanation:
One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.
Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.
All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.
Answer: A young lawyer who just finished work on a multimillion -dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation
This is not a case of discriminating against a person because of age, as we can see the young lawyer is better suited for a job in economic development as he already has worked on a development deal, where as the older lawyer is a litigator
A large retail outlet hires an 80-year-old woman to greet customers instead of a 30-year-old woman who has been greeting customers in other stores for a decade
This may be a case of age discrimination, because the 30 year old seems to be the better candidate, because she has experience in this work and will be more energetic than the 80 year old as well
The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.
This may be a case of age discrimination because the employer is firing a graduate who has had 3 years of experience and hiring someone who hasn't graduated and has no experience
Explanation:
