The equilibrium price is $40 and the equilibrium quantity is 250. For next time to find the equilibrium in something it’s the point where they cross.
The Pre-Raphaelite Brotherhood was a gathering of English painters, writers, and pundits, established in 1848 by William Holman Hunt, John Everett Millais and Dante Gabriel Rossetti.
Answer: a good with an elastic supply
Explanation:
Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.
Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.
If two projects (investments) a and b are said to be mutually exclusive, then we know that the firm must choose to invest in either A or B, but not both.
The term "mutually exclusive projects" is typically used in the capital budgeting process where firms select one project from a range of projects based on specific criteria, with the approval of one project resulting in the rejection of the other projects.
Capital projects that compete head-to-head are said to be mutually exclusive. Projects X and Y are said to be mutually exclusive, for instance, if a management must choose precisely between completing either project X or Y, but not both of them simultaneously.
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