We are given with the data: A = <span>$6,951.20 per semi-annum that is $13902.4 per annum, i equal to 1.75% compounded semi-annually, and asked for P or the present worth to maintain the withdrawal for 15 years.
the formula to be used is attached in the file (third one). substitute the i = 0.0175, n = 30, A = </span>$13902.4 and get P.
Answer:
Yes. This is basis the type of the good.
Explanation:
For Example, a Luxury good will be bought only if it priced high and if it is priced less, no one will buy - Example gold.
Normal goods it is otherwise. They will swich for alternatives.
The factor that might lead to a decline in the supply of cowboy boots is the price that consumers are willing to pay for cowboy hats has increased.
<h3>What leads to a decrease in supply?</h3>
Factors other than a change in the price of A good would lead to either an increase or decrease in supply or a shift of the supply curve. Such factors include :
- A change in the price of input
- A change in the number of suppliers
- Government regulations
- Technological changes
- A change in the price of substitute goods.
To learn more about the change in supply, please check: brainly.com/question/15835771
Answer:
Option B.
No, a binding price ceiling benefits only some buyers because not all are able to obtain the goods in the legal market.
Explanation:
A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above the price, that price binds the market for that good. Because the government keeps the price artificially low, businesses will not produce enough of those goods to satisfy the market.
This results in an insufficient supply of those goods, creating a shortage in those goods, and with a shortage of goods, only some of the buyers will be able to obtain the goods in the legal market.
Therefore, the option that best suits the question is option, B. Not all buyers benefit from a binding price ceiling. A BINDING PRICE CEILING BENEFITS ONLY SOME BUYERS BECAUSE NOT ALL ARE ABLE TO OBTAIN THE GOOD IN THE LEGAL MARKET.
