According to Figures 3.5 and 3.6, what would the new equilibrium price of tutoring services be if

Question:

According to Figures 3.5 and 3.6, what would the new equilibrium price of tutoring services be if Carlos decided to stop tutoring?

$50 45 40 35 30 25 20 15 10 0 10 20 30 40 50 60 70 80 90 100 O 10 20 30 40 0 10 20 QUANTITY SUPPLIED (hours per semester

$50 The law of supply: quantity supplied increases as price rises. 45 40 35 30 25 20 15 10 0 10 20 30 40 50 60 70 80 90

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

See More Books

Question Posted: Apr 30, 2018 08:13 AM

See More Questions

According to Figures 5.8, which adopter category is just now buying a digital camera? Which group is now adding TiVo? Which category describes you? Why?
Jaycees department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departments. Data on expected...
The assessed value on a property increased from $285,000 last year to $298,000 in the current year. Last years property tax rate was $1.56324 per $100 of assessed value. a. What will be the change in...
The symmetrical three-phase load is A-connected, with Z-(4+ j3) 22 and the phase voltage 220 V, find IL, IP, UL and P of the three loads. 7.(10 score) The symmetrical three-phase load is Y-connected....
How effective of a listener is Brian Dunn? Use Table 12-3 and the text to support your answer.
According to author Fred Brooks, what is the single most difficult thing to do in systems development? How does use-case modeling help in this area?
What is meant by the term fact pleading?
The weekly demand (in cases) for a particular brand of automatic dishwasher detergent for a chain of grocery stores located in Columbus, Ohio, follows. a. Construct a time series plot. What type of...
Extra Credit Ch.7 Homework Question 1 of 2 View Policies < > 15/30 == Show Attempt History Current Attempt in Progress Crane Company of Emporia, Kansas, spreads herbicides and applies liquid...
In Vijayawada, Guru has software company and he produces various software by using different combinations of labour and capital to product that. In a month, he recruits labour and adds capital for...
A professor wanted to know if her students attitudes toward statistics changed by the end of the course, so she asked them to fill out an Attitudes Toward Statistics scale at the beginning of the...
According to the News (a) What was the initial price of a ticket to the NCAA finals? (b) At that price was there (A) an equilibrium, (B) a shortage, or (C) a surplus?
Find the cosine of the angle between the vectors. (1, 1, 1), (2,-1,2)
Thoughts on Validity in research studies?
1. What type of supervisory situation do you prefer? 2. How do you feel about working with other ages or genders? 3. What helps a person most with their forecasting abilities? 1. Experience. 2....
technology is a critical factor of everything we do today, what do you feel is the effect of technology on the two? how would this related to the technologies you mentioned?
How has the market's perception of the company evolved? -What are the market's expectations for the company's future in 2020? -How has the solvency evolved? -Is the financial structure risky? What is...
What ethical dilemmas do professionals face in fields such as medicine, law, and journalism, and how do they uphold ethical standards in their respective industries ?
During February, assets increased by $83,000 and liabilities increased by $23,000. Equity must have a. Increased by $60,000. b. Increased by $106,000. c. Decreased by $106,000. d. Decreased by...
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
Under the related party rules of Sec. 267, why has Congress imposed the concept of constructive ownership?
If property is sold at a loss to a related taxpayer, under what circumstances can at least partial benefit be derived from the disallowed loss?
Assume that Jill is engaged in painting as a hobby. During the year, she earns $1,000 from sales of her paintings and incurs $1,300 expenses for supplies and lessons. Jills salary from her job is...
2. a) Using SQL query language technique Construct the following relational model. department ld Name Compenyid department employeee Departmentid Employeeld Title company Vid Name employee ld...
Count the number of errors in the following code: 1 public class Test { 2 3 4 6 7 5199 8 } } public static void main(String[] args) { double[100] r; for (int i = 0; i < r.length(); i++); r(i)...
Will the following programs terminate? (a) int balance while (true) { 10; if (balance < 9) break; balance balance 9; } System.out.println("Balance is " (b) + balance); int balance = 10; while (true)...

According to Figures 3.5 and 3.6, what would the new equilibrium price of tutoring services be if

Question:

Step by Step Answer:

20hour Feedback According to Figure 36 when Carlos was in the market the eq...View the full answer

The Macro Economy Today

Students also viewed these Business questions