Answer:
Price elasticity of demand is a measure of the change in the quantity purchased of a product in relation to a change in its price.
Explanation:
Answer:
Welll if your doing a pres then guys white your name on all the paper and be like i did all the work
Answer:
Assets = Laboratory Equipment ( Fixed asset) + Laboratory supplies (Current Asset) + Cash ( Current asset)
= 155,000 + 21,600 + 99,000
= $275,600
Liabilities = Loan Payable ( Long term liability) + Accounts Payable ( current liability)
= 30,400 + 22,750
= $53,150
Assets = Liabilities + Owners Equity
Owners Equity = Assets - Liabilities
= 275,600 - 53,150
= $222,450
Answer:
All results should have a well-defined and habitual interference plan.
Answer:
This will create shortage and people will sell milk in black market at higher price.
Explanation:
Wildfires and mudslides have closed the highways. This created greater demand and short supply.
The equilibrium price increased to $7.
But the government imposed a price ceiling of $4.
At this binding price ceiling, the quantity demanded is more than quantity supplied.
This high demand would cause the suppliers to sell milk in the black market at a higher price.