If the actual price in this market were below
the equilibrium price, what would drive the
market toward the equilibrium?

Answers

Answer 1

Step-by-step explanation:

If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. Excess demand or a shortage will exist. If the price is above the equilibrium level, then the quantity supplied will exceed the quantity demanded. Excess supply or a surplus will exist.Whenever markets experience imbalances—creating disequilibrium prices, surpluses, and shortages—market forces drive prices toward equilibrium. A surplus exists when the price is above equilibrium, which encourages sellers to lower their prices to eliminate the surplus.


Related Questions

48. What is the volume of the cuboid below? 3cm 2cm 2cm

Answers

Answer:

Cuboid = width*height*length

Cuboid = 24 cm^2

Determine which diagram could be used to prove triangle ABC is congruent to triangle EDC using similarity transformations

Answers

Answer:

A

Step-by-step explanation:

edge 2021

The mean per capita consumption of milk per year is 131 liters with a variance of 841. If a sample of 132 people is randomly selected, what is the probability that the sample mean would be less than 133.5 liters

Answers

Answer:

0.8389 = 83.89% probability that the sample mean would be less than 133.5 liters.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

The mean per capita consumption of milk per year is 131 liters with a variance of 841.

This means that [tex]\mu = 131, \sigma = \sqrt{841} = 29[/tex]

Sample of 132 people

This means that [tex]n = 132, s = \frac{29}{\sqrt{132}}[/tex]

What is the probability that the sample mean would be less than 133.5 liters?

This is the p-value of Z when X = 133.5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{133.5 - 131}{\frac{29}{\sqrt{132}}}[/tex]

[tex]Z = 0.99[/tex]

[tex]Z = 0.99[/tex] has a p-value of 0.8389

0.8389 = 83.89% probability that the sample mean would be less than 133.5 liters.

A bank gives you a loan of 1,500,000 Baht to buy a house. The interest rate of the loan is 0.01% per day (Using 1 year = 365 days)

How much interest you pay after 10 years

Answers

Answer:

15.000 is cost so relate it with 265..hope it is help u.


11
5
у
х
Find the value of x.

A) 4rad5
B) 8rad5
C) 6
D) 16

Answers

Answer:

Option A, 4rad5

Step-by-step explanation:

x² = 5*(5+11)

x² = 5*16

x² = 80

x = 4√5

Answered by GAUTHMATH

There are 4 white and 5 red (indistinguishable) balls in a bag. Suppose you draw one ballout at a time without replacement and stop when you have drawn all the white (4 white) orall the red (5 red) balls. What is the probability that the last ball you drawn was a whiteball?

Answers

Answer:

5/9

Step-by-step explanation:

What we have in this question are four white balls and 5 red balls.

This is the sample space

[(4w,0R) (4w,1R)(4w,2R)(4w,3R)(4w,4R)(0w,5R)(1w,5R)(2w,5R)

So we have 9 possible sets of events

The event number with the last ball being white = 5

Probability of the last ball drawn being white = 5/9

= 0.56

Which of the following lists of ordered pairs is a function? A. (1,8), (2, 9), (3, 10), (3, 11) B. (-1,4), (1,7), (2, 10) C. (3,7),(4, 5), (3, 8) D. (-2,3), (1, 3), (3, 7), (1, 4)​

Answers

Answer:

B

Step-by-step explanation:

B is the only one that doesnt share x-values

B because none of the x values repeat. For ex (2,3),(4,3),(2,4) is not a function because the x value repeat. I hope this answers your question.

A total of $20,000 is invested at an annual interest rate of 6%. No matter how many years this
money is invested, what is the best investment plan to earn the most money in the end?
Compounded continuously
Compounded daily

Compounded quarterly
Compounded monthly

Answers

Compounded continuously.

3s + 4t = 22
8s + 8t = 48
What is s and what is t
(Similtaneous Equations)

Answers

9514 1404 393

Answer:

   (s, t) = (2, 4)

Step-by-step explanation:

We can eliminate the t variable by subtracting the first equation from half the second.

  (1/2)(8s +8t) -(3s +4t) = (1/2)(48) -(22)

  s = 2

  3(2) +4t = 22

  4t = 16

  t = 4

The solution is (s, t) = (2, 4).

find the equation of the line

Answers

Answer:

y = x + 6

Step-by-step explanation:

rise = 1

run = 1

slope = rise/run = 1

y-intercept = 6

y = mx + b

y = x + 6

5. What is the value of x if the quadrilateral is a kite? B X+2 C С 13 A Xth12 D​

Answers

Answer: just had this problem! X = 11

The manager of a fast-food restaurant determines that the average time that her customers wait for service is 2.5 minutes. (a) Find the probability that a customer has to wait more than 4 minutes. (Round your answer to three decimal places.)

Answers

Answer:

0.758

explaination

using poisson distribution

0.08208+0.2052+0.2565+0.2138

0 .758

SOMEONE HELP PLEASE! So for this problem the answer I got is $4000. Is that the correct or incorrect answer? Can someone please help me if it is the incorrect answer. Thank you for your time.

Answers

Answer:

You're correct

Step-by-step explanation:

HELP HELP QUICK QUICK

Answers

Answer:

multiplication by -1 will reflect over the x-axis

multiplication by a positive number will "scale" or "stretch" the function

Step-by-step explanation:

Which line is parallel to the line that passes through the points (1,7) and (-3, 4)? A. y=--x-5 B. y=+*+1 y=-x-8 O c. D. 11 v==x+3 4 ​

Answers

Answer:

B

Step-by-step explanation:

because

Please help ASAP. No links

Answers

Hello my dear friend of USA !!!

DB/AD = BE/EC

=> 6/4 = x+1/x

=> 6x = 4x + 4

=> 2x = 4

=> x = 2

So x = 2

I am from INDIA.

Lots of love ❤️!!!

Have a great day ahead!

Answer:

x = 2

Step-by-step explanation:

[tex]\frac{6}{4} = \frac{x+1}{x}[/tex]

6x = 4x + 4

2x = 4

x = 2


(1) If the regression line equation of y on x is : û :
= 0.2x + 3, the value
ofy from the table when x=5 is 4.6, then the value of the error in the
value of y is ...
a 0.6
b 0.4 C 0.3
d 0.1

Answers

Answer:

0.6

Step-by-step explanation:

Given the regression equation :

y = 0.2x + 3,

The actual value of y when x = 5 is 4.6

The predicted of y using the model when x = 5 is :

Put x = 5 in the equation :

y = 0.2(5) + 3

y = 1 + 3

y = 4

The error in the value of y predicted is :

Error = Actual value - Predicted value

Error = 4.6 - 4

Error = 0.6

How can Paige share 11 identical apples among 30 of her friends evenly so that no apple is sliced into more than 10 pieces?

Answer: Paige can slice _ apples into _ pieces each and _ apples into _ pieces each.

Answers

Answer:

7 apples into 2 pieces and 4 apples into 4 pieces

Step-by-step explanation:

if you split 7 apples into 2 pieces each than you'l have 14 slices. You need 30 though which means you need 16 more. so you split 4 into 4 pieces. and the number of apples we used is 7 and 4 which make up 11. So this answer works

Each of the 8 cats in a pet store was weighed. Here are their weights (in pounds): 6,6, 10, 6, 8, 7, 14, 12 Find the median and mean weights of these cats. If necessary, round your answers to the nearest tenth. Median: pounds Х X ? Mean: pounds ​

Answers

Answer:

Median: 7.5

Mean: 8.6

Step-by-step explanation:

Median = the average of the 2 middle numbers of the set in ascending order, 6, 6, 6, 7, 8, 10, 12, 14

(7+8)/2 = 2

Mean = the sum of the numbers divided by the number of values

6 + 6+ 6+ 7 +8 +10 +12 +14/8

69/8

8.625

the shorter side of a rectangle is 60% of the longer side and the perimeter of the rectangle is 96 inches. find the side lengths

Answers

Answer:length 30, width 18

Step-by-step explanation:

60% +100%=160%

160% × 2 = 320 %

96/320 = 0.3 ×100 =30 ( length)

30 × 0.6 =18 (width)

Check: (18 + 30) 2 = 96

How many solutions does the nonlinear system of equations graphed below
have?
A. One
B. Four
C. Two
D. Zero

Answers

Answer:

D

Step-by-step explanation:

There is no point shared by all three graphs

solve the inequality (3-z)/(z+1) ≥ 1 please show the steps and the interval notation. thank you!​

Answers

Answer:

The solution (- infinity , 1].

Step-by-step explanation:

[tex]\frac{3 - z}{z + 1}\geq 1\\\\3 - z \geq z +1\\\\3-1 \geq2 z\\\\2 \geq 2 z\\\\z\leq 1[/tex]

So, the solution (- infinity , 1]

Write the equation of the line with the given conditions. passing through (-1, -7) and perpendicular to the line with equation 4x + 5y = 31

Answers

Answer:

y = 5/4 x - 23/4

Step-by-step explanation:

4x + 5y = 31

5y = - 4x +31

y = -4/5 x + 31/5

⊥ slope = 5/4

-7 = 5/4 (-1) + B

-28 = -5 + 4b

-23 = 4B

b = -23/4

Mis directly proportional to r?
When r= 2, M= 14
a) Work out the value of M when r= 12.
b) Work out the value of r when M = 224.

Answers

کواریانس دو متغییر xوy

Answer:

M = 84 , r = 32

Step-by-step explanation:

Given M is directly proportional to r then the equation relating them is

M = kr ← k is the constant of proportion

To find k use the condition when r = 2, M = 14 , then

14 = 2k ( divide both sides by 2 )

7 = k

M = 7r ← equation of proportion

(a)

When r = 12

M = 7 × 12 = 84

(b)

When M = 224 , then

224 = 7r ( divide both sides by 7 )

32 = r

Public health officials claim that people living in low income neighborhoods have different Physical Activity Levels (PAL) than the general population. This is based on knowledge that in the U.S., the mean PAL is 1.65 and the standard deviation is 0.55. A study took a random sample of 51 people who lived in low income neighborhoods and found their mean PAL to be 1.63. Using a one-sample z test, what is the z-score for this data

Answers

Answer:

The z-score for this data is Z = -0.26.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

This is based on knowledge that in the U.S., the mean PAL is 1.65 and the standard deviation is 0.55.

This means that [tex]\mu = 1.65, \sigma = 0.55[/tex]

A study took a random sample of 51 people who lived in low income neighborhoods and found their mean PAL to be 1.63.

This means that [tex]n = 51, X = 1.63[/tex]

Using a one-sample z test, what is the z-score for this data

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{1.63 - 1.65}{\frac{0.55}{\sqrt{51}}}[/tex]

[tex]Z = -0.26[/tex]

The z-score for this data is Z = -0.26.

84 percent of students athletes attend a preseason meeting. If there are 175 students athletes how many attend the meeting

Answers

Answer:

Total no. of students =175

percent of students athletes who attend a preseason meeting =84

No. of students who attend the meeting

= 84% of 175

=147

Cole biked at 5 mph for 1 1/2 hours. Which of the following choices show how far he biked?

Answers

Answer:

Should be 5 1/2 if thats on there

Step-by-step explanation:

u take 11/2 and take out the 1 u get 10/2 so u cut 10 in half get 5 then add the one and make it 5 1/2

5 1/2 jus took that question got it right.

The figure below is a rhombus.
w = [? ]°

Answers

Answer:

Step-by-step explanation:

Please help how to do this

Answers

Answer:

Frumpyton

Step-by-step explanation:

Since the standard deviation of Frumpyton is a lower number, this means a higher percentage of outcomes (job salaries) will be within a closer range to the mean salary. Since Frumpyton's standard deviation is $2,000 and the window your looking for is $32,000 to $36,000, if you go one interval up or down from the mean of $34,000, it falls in that range. Whereas, Dirtballville's standard deviation is $3,000 so it's more likely to fall outside of that range.

HOW DO YOU SOLVE THIS PROBLEM

Answers

x = 100° (using definition of vertical angles)

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