The equations below define the demand and supply curves for pocket calendars in a regional market: Demand:

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

Question:

The equations below define the demand and supply curves for pocket calendars in a regional market:

Demand: Price = 30 - 4 Qd

Supply: Price = 5 + Qs

If the market is free to adjust to its equilibrium, what is the price in equilibrium?

Group of answer choices

$11

$15

$12

$10

none of the above

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Feb 02, 2024 02:40 AM

Due to advanced technology, substitute goods for higher education have seen an increase in demand. Please illustrate this circumstance by constructing a supply and demand graph, showing the direction...
PRICE The following graph shows equilibrium in a free market, with equilibrium quantity of QE. QUANTITY Supply Demand (?) For any level of output below QE, a buyer values a unit of goods in this...
At a local university, the academic dean has informed the chairperson of the economics department that she must schedule 8 different graduate classes and 18 different undergraduate classes....
In Exercises 8486, use a graphing utility to graph f and g in the same [-8, 8, 1] by [-5, 5, 1] viewing rectangle. In addition, graph the line y = x and visually determine if f and g are inverses....
Show that the average speed of a rabbit that runs a distance of 30 m in a time of 2 s is 15 m/s.
Some of the following passages contain explanations, some contain arguments, and some may be interpreted as either an argumaent or an explanation. What is your judgment about the chief function of...
Nereus Montemayor was an employee of VZ Hogs, a company that raises hogs and produces hog feed. VZ Hogs used an extruder manufactured by Sebright Products, Inc. to create hog feed out of discarded...
The Beal Manufacturing Companys costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to...
You will be taking over the vending machine business at UNCC from Tony. You are selling 20-ounce bottles of Dasani bottled water for $1.25, and Tony will give you a large stock of Dasani to get you...
Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a useful life of five years and no salvage value . The company's discount rate is 14%....
Underline the key words. O a number increased by 29 is 36 a number increased by 29 is 36 a number increased by 29 is 36 a number increased by 29 is 36 O O a number increased by 29 is 36 a number...
Inventory Management Williams & Sons last year reported sales of $44 million, cost of goods sold (COGS) of $36 and an inventory turnover ratio of 4. The company is now adopting a new inventory...
Cartwright made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will increase...
What is the difference in ATP consumption per glucose in glycolysis versus gluconeogenesis?
Happiness Corp. ("Happy") is a manufacturer of stress relief products that improve mental health.Given the recent success of IPOs, Happy is looking to take itself public and is trying to figure out...
In what organelle of a plant cell does photosynthesis take place?
Amandeep, a graduate of Cambrian Colleges Business Program, found a job as an online marketing specialist for Tangerine Bank. Within a year, he had saved {A} and decided to buy a new car but was not...
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
Kathy Kennedy (age 44) is a single taxpayer and she lives at 212 North Pine Way, Payson, AZ 85541. Her Social Security number is 467-98-9784. Kathy's earnings and income tax withholding as the...
Tom has a successful business with $100,000 of income in 2012. He purchases one new asset in 2012, a new machine which is 7-year MACRS property and costs $25,000. If you are Tom's tax advisor, how...
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
A blender does 5000 J of work on the food in its bowl. During the time the blender runs, 2000 J of heat is transferred from the warm food to the cooler environment. What is the change in the thermal...
Which system contains more atoms: 5 mol of helium (A = 4) or 1 mol of neon (A = 20)? A. Helium B. Neon C. They have the same number of atoms.
A sample of ideal gas is in a sealed container. The temperature of the gas and the volume of the container are both increased. What other properties of the gas necessarily change? (More than one...

The equations below define the demand and supply curves for pocket calendars in a regional market: Demand:

Question:

Expert Answer:

Income Tax Fundamentals 2013

Students also viewed these programming questions