56. The table shows the demand and supply schedules for jeans. At $60 a pair, there...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
56. The table shows the demand and supply schedules for jeans. At $60 a pair, there is a shortage of jeans and the price will fal. O At $60 a pair, there is a surplus of jeans and the price will rise. At $40 a pair, there is a shortage of jeans and the price will fall. At $40 a pair, there is a shortage of jeans and the price will rise. Quantity demanded Quantity supplied (pairs per week) Price (dollars (pairs per week) 130 120 per pair) 30 70 40 80 50 110 90 60 100 100 70 90 110 120 130 80 80 90 70 56. The table shows the demand and supply schedules for jeans. At $60 a pair, there is a shortage of jeans and the price will fal. O At $60 a pair, there is a surplus of jeans and the price will rise. At $40 a pair, there is a shortage of jeans and the price will fall. At $40 a pair, there is a shortage of jeans and the price will rise. Quantity demanded Quantity supplied (pairs per week) Price (dollars (pairs per week) 130 120 per pair) 30 70 40 80 50 110 90 60 100 100 70 90 110 120 130 80 80 90 70
Expert Answer:
Answer rating: 100% (QA)
Answer D at 40 there is a shortage of jeans and price will rise Suluti... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
The table shows the demand and supply schedules for running shoes. What is the market equilibrium? If the price is $70 a pair, describe the situation in the market. Explain how market equilibrium is...
-
The table shows the demand and supply schedules for student workers at campus venues. If the college introduces a minimum wage of $11.50 an hour, how many students are employed and how many students...
-
The accompanying table shows hypothetical demand and supply schedules for milk per year. The U.S. government decides that the incomes of dairy farmers should be maintained at a level that allows the...
-
Miami Tropical stock has a beta of 1.25. The risk-free rate of return is 4.34 percent and the market risk premium is 9.02 percent. What is the expected rate of return on this stock? 10.23 percent...
-
In your opinion, what should Scott do? Briefly justify your position and explain how you would approach George on Monday.
-
Suppose you are designing a sliding window protocol for a 1-Mbps point-to-point link to the stationary satellite evolving around the Earth at 310 4 km altitude. Assuming that each frame carries 1 kB...
-
Explain the different types of static and dynamic stability.
-
Whirlpool Corporation conducted an activity-based costing study of its Evansville, Indiana, plant in order to identify its most profitable products. Assume that we select three representative...
-
In her Ted talk, Kristi Rogers talks about the future of advertising and why it's crucial for ads to be relevant. She points out that even though we have lots of data and technology for digital ads,...
-
For the 3500-lb car, determine (a) its mass in slugs, (b) its weight in newtons, and (c) its mass in kilograms. W = 3500 lb Problem 1/1
-
Discuss the qualities of two protagonists. What are their struggles or crises? What are they up against? How do you know? How did you come to your inferences?
-
1. You want to build a CRR binomial model to value options on Moderna (MRNA). The current stock price of MRNA is 310.20. Assume the volatility of MRNA is 61.2% (annual) and the risk-free interest...
-
Calculate the Free Cash Flow (FCF) for this company. Income statement, year ended December 31, 2021 (in millions of US dollars, except per share amounts) Sales Net sales Cost of goods sold Gross...
-
Compare the average profit per program based on the scenarios as follows: Scenario Summary report using the average profit per program (range B10:F10 ) as the result cells to show how the average...
-
Macroware Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Balance Sheets: 6/30/2020 (Q4) Three Months Ended 3/31/2020 (Q3)...
-
You are given the following transaction matrix for a two sector economy. Sector Sales Final demand Gross output 1 2 1 3 13 20 3 12 (i) Write the technology matrix (ii) Determine the output when the...
-
Using the data given below, calculate the standard enthalpy change for the reaction: 2 Al (s) + Fe2O3 (s) 2 Fe (s) + Al2O3 (s) 2 Al (s) + 3/2 O2 (g) Al2O3 (s) 2 Fe (s) + 3/2 O2 (g) Fe2O3 (s) AHp...
-
The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...
-
Will U.S. interest rates be higher or lower than Japanese interest rates and will interest rate parity hold? Why or why not? Suppose that the inflation rate is lower in Japan than it is in the United...
-
Classify each of the following items as a final good or service or an intermediate good or service and identify it as a component of consumption expenditure, investment, or government expenditure on...
-
Real GDP per person is not an accurate measure of the standard of living because it ______. A. Includes the goods and services that governments buy B. Omits the goods and services that people produce...
-
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. a. To quickly navigate to the end of the data in a...
-
Ferguson Gas wants to move its sales order system online. Under the proposed system, gas stations and other merchants will use a secure site to check the availability and current price of various...
-
Sustainability involves more than just the impact of actions on the environment. The triple bottom line recognizes that a company has to measure its impact on its triple bottom line for its long-term...
Study smarter with the SolutionInn App