1 answer

Table 3.1 Individual Demand and Supply Schedules Market Quantity Demanded by Alejandro Ben Carl 8 4...

Question:

Table 3.1 Individual Demand and Supply Schedules Market Quantity Demanded by Alejandro Ben Carl 8 4 2 12 4 4 20 4 6 22 4 6 Pr
de J ove LILLIU U PL Muluple Choice 0 The market would be in equilibrium 0 The government would be setting an offective price
Table 3.1 Individual Demand and Supply Schedules Market Quantity Demanded by Alejandro Ben Carl 8 4 2 12 4 4 20 4 6 22 4 6 Price $8.00 6.00 4.80 2.00 1 Quantity Supplied by Price Avery Brandon Cassandra $8.89604 6 56.00 42 4 4 54.00 24 4 2 $2.00 6 4 In Table 3.1. if government held the price at Multiple Choice The market would be in equilibrium The government would be setting en efective price fo < Prev 32 of 37 Next > here to search
de J ove LILLIU U PL Muluple Choice 0 The market would be in equilibrium 0 The government would be setting an offective price floor 0 There would be a shortage The shortage would be the same as the quantity demanded < Prev 32 of 37 Next > ere to search

Answers

The market equilibrium is at $4 where the demand and supply are both at 30, at any price below $4 there will be a shortage as the demand will be higher and the supply will be lower in the market. this will be a price ceiling.

the answer is "C".

.

Similar Solved Questions

1 answer
Consider an economy that institutes a minimum wage that is above the equilibrium wage. Draw a...
Consider an economy that institutes a minimum wage that is above the equilibrium wage. Draw a (well-labeled) graph of the market for labor in such an economy. (6 points) Explain in one to two sentences how the minimum wage has affected the quantity demanded and quantity supplied of labor, as wel...
1 answer
The arithmetic mean of 6 numbers is 17
The arithmetic mean of 6 numbers is 17. If two numbers are added, the new set of numbers will have an arithmetic mean of 19. What are the two numbers if their difference is 4? additional question: how do you find the extremes anyway?...
1 answer
Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,550 Factory utilities...
Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,550 Factory utilities $400 Direct materials used 25,700 Depreciation, factory equipment 1,450 Work in process (6/1/20) 3,150 Direct labour 30,400 Work in process (6/30/20) 3,100 Mainten...
1 answer
5- Determine the ACI design moment capacity, $Mn, for the beam shown. Assume no axial force...
5- Determine the ACI design moment capacity, $Mn, for the beam shown. Assume no axial force on the member. (150 mm 3 (75 mm) (175 mm (75 mm) (125 mm . 1200 mm 1100 mm) -22 (550 mm) (400 mm 18 (450 mm - 12 - (300 mm 4.B (4 x 25 mm 5.8 15 x 25 mm 2012" (50 mm 300 mm (50 mm) 12" (300 mm...
1 answer
The following table presents the observed and expected data on the number of plants found in...
The following table presents the observed and expected data on the number of plants found in each of 50 sampling quadrants. # of plants Observed Frequency (0) Expected Frequency (E) 5 6.767 18 13.534 2 10 13.534 3 12 9.022 24 5 7.144 Ho: The distribution is Poisson Hy: The distribution is not Poisso...
1 answer
What motivates Vladimir Putin?
What motivates Vladimir Putin?...
1 answer
Arbitra Inc.'s current capital structure is 30% debt and 70% equity. The expected return on its...
Arbitra Inc.'s current capital structure is 30% debt and 70% equity. The expected return on its debt is 5%, its equity Beta is 1.1. The riskfree rate is 2%, and the expected return on the market is 10%. Consider first (in questions (i) and (ii)) the case of perfect capital markets. a) Calculate ...
1 answer
How could consumer choices lead to energy conservation?
How could consumer choices lead to energy conservation?...
1 answer
Discuss any risk factors that may be associated with excesses or deficiency in macro and micro...
discuss any risk factors that may be associated with excesses or deficiency in macro and micro nutrients....
1 answer
The information presented here represents selected data from the December 31, 2016, balance sheets and income...
The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms. Required Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capi...
1 answer
Mark for follow up Question 44 of 75. Marie purchased a rental house on March 1...
Mark for follow up Question 44 of 75. Marie purchased a rental house on March 1 of last year, it was vacant when she bought it. She decided to paint the interior and install new carpeting before showing the property to potential tenants. The work was completed on April 11. That same day, Marie put o...
1 answer
Help with Pascal’s Triangle: Paths and Binary Strings Suppose you want to create a path between...
Help with Pascal’s Triangle: Paths and Binary Strings Suppose you want to create a path between each number on Pascal's Triangle. For this exercise, suppose the only moves allowed are to go down one row either to the left or to the right. We will code the path by using bit strings. In par...
1 answer
Required Information (The following information applies to the questions displayed below.] The cash records and bank...
Required Information (The following information applies to the questions displayed below.] The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2018, to July 31, 2018 Cash Balance Cash Balance July 1, 2018...
1 answer
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product s...
1 answer
A. Superheated R-134a is throttled from state 1 at 600 kPa (0.6 MPa) and 120°C to...
a. Superheated R-134a is throttled from state 1 at 600 kPa (0.6 MPa) and 120°C to a pressure of 500 kPa (state 2). Find the temperature at state 2. b. Calculate the Joule-Thompson coefficient of R-134a at 600 kPa (0.6 MPa) and 120°C. c. Does your coefficient from b agree with your results fr...