Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 24, 2024

If the price is 1.20 and quantity demand is 90 and quantitysupplied is 30 then if the market price of the good is $1.20 therewill

If the price is 1.20 and quantity demand is 90 and quantitysupplied is 30 then if the market price of the good is $1.20 therewill be _____

a- shortage of 30 units

b- surplus of 30 units

c-shortage of 30 units

d-surplus of 60 units

e- surplus of 20 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics of Money, Banking and Financial Markets

Authors: Frederic S. Mishkin

9th Edition

978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905

More Books

Students also viewed these Economics questions

Question

★★★★★

Write a text-based transaction program for recording stock levels in a warehouse. A transaction is either an import, an export, or wastage (e.g., when stock falls off a shelf and breaks) of items,...

Answered: 1 week ago

Question

★★★★★

The IRS has issued a summons for the tax file held by CPA Ann Whitman for her clients, the Harberts. The file consists of paper and electronic spreadsheets in which Whitman detailed some tax...

Answered: 1 week ago

Question

★★★★★

Carlos is working with a woman whose father is the president of a large bank in another city. She has become depressed and needs a referral to a therapist and perhaps a psychiatric assessment. Carlos...

Answered: 1 week ago

Question

★★★★★

1.32 Canadian Prime Ministers by Age This is a list of prime ministers of Canada since Confederation in 1867, arranged in descending order of their age upon first taking office. a. Before you graph...

Answered: 1 week ago

Question

★★★★★

June production generated the following activity in Car Chassis Companys Work-in-Process Inventory account: June 1 balance................$ 38,000 Direct materials used............. 43,000 Direct...

Answered: 1 week ago

Question

★★★★★

will sell? $ 12-16, assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. 12. Your client chooses to invest 70% of a...

Answered: 1 week ago

Question

★★★★★

5) What is EBITDA? Calculate the EBITDA and EBITDA Margin using the above financials and the following additional criteria: $200 sales, $30 interest income, $10 Income tax loss, $50 labor cost...

Answered: 1 week ago

Question

★★★★★

For the circuit shown in Fig. 12-47, (a) Obtain the voltage transfer function Hu(w) (b) Find the frequency at which the function is real. + V ww R R Fig. 12-47 F V

Answered: 1 week ago

Question

★★★★★

Write the phasor equation for the single-loop, coupled circuit shown in Fig. 14-38. j5 . | 1 k = 0.65 10 0 50/0 V j3 K -j8 .

Answered: 1 week ago

Question

★★★★★

From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @ X, 4,000 units @ Y, 2,500 units @ 20 (standard...

Answered: 1 week ago

Question

★★★★★

Everly Healthcare has just borrowed $1,000,000 on a five-year, annual payment term loan at a 15 percent rate. The first payment is due one year from now. Construct the amortization schedule for this...

Answered: 1 week ago

Question

★★★★★

Develop a Gantt chart with the following information. What is the expected duration of the project? What is the critical path? Activity Expected Duration Predecessors A BL 12 8 None None C 5 None D...

Answered: 1 week ago

Question

★★★★★

Consider the following two scenarios for the economy and the returns in each scenario for the market portfolio, an aggressive stock A, and a defensive stock D. Rate of Return Scenario Market...

Answered: 1 week ago

Question

★★★★★

How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?

Answered: 1 week ago

Question

★★★★★

2 You have just received 10 units of a special subassembly from an electronics manufacturer at a price of $250 per unit. A new order has also just come in for your company's product that uses these...

Answered: 1 week ago

Question

★★★★★

1 A time standard was set as 0.20 hour per unit based on the 50th unit produced. If the task has a 90 percent learning curve, what would be the expected time of the 100th, 200th, and 400th units?

Answered: 1 week ago

Question

★★★★★

4 What difference does it make if a customer wants a 10,000-unit order produced and delivered all at one time or in 2,500-unit batches?

Answered: 1 week ago

Previous Question Next Question