Assume the price of fedoras was $20. Would there be a shortage or a surplus? How large would the surplus or shortage be?

Answers

Answer 1

If the price of fedoras is $20, there would be a shortage of 40.

What are shortages?

A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is set below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.

Shortage = quantity demanded - quantity supplied

70 - 30 = 40

Please find the graph needed to answer this question. To learn more about equilibrium, please check: https://brainly.com/question/26075805

Assume The Price Of Fedoras Was $20. Would There Be A Shortage Or A Surplus? How Large Would The Surplus

Related Questions

The position of a particle (in inches) moving along the x-axis after t seconds have elapsed is given by the following equation: f(t) = t^4 − 2t^3 − 6t^2 + 9t.
Compute the particle’s acceleration at t = 4 seconds.

Answers

Answer:

a = 132 m/s^2

Explanation:

f(t) = t^4 − 2t^3 − 6t^2 + 9t

v = f'(t) = 4t^3 - 6t^2 - 12t + 9

a = f''(t) = 12t^2 - 12t -12

Substitute t = 4 seconds into the equation for a:

a = 12(16) -12(4) -12 = 132 m/s^2

Franklin has to plant a tree in a client’s backyard. He takes a shovel from his truck and digs the hole. If Franklin has the habits of an organized person, when he finishes digging the hole, Franklin will immediately _______. a. Call his wife to remind her of an appointment b. Carefully place the tree into the hole c. Put his shovel out of the way of his next task d. Take a break to rest before moving on

Answers

Answer:

I'm pretty sure it's C

If it's not C then it's B

But I'm pretty sure it's C lol

Answer:

Its C

Explanation:

A modern Conservative believes in ALL of the following EXCEPT...

a) privatization of most public services (education, health care, utilities, etc.)

b) individual rights

c) limited government (limited
regulations and services)

d)public responsibility for those less well off

Answers

Answer: D) Public responsibility for those less well off

Explanation: Conservatives believe in minimal government interference and emphasis on the individual. This includes privatization, individual rights, and limited government while it is a more liberal belief for the government to take greater responsibility for the poor/disadvantaged.

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