Answer: Equilibrium price is $20 and equilibrium quantity is 4 units.
Explanation: Equilibrium is a situation of rest, a situation where demand for a good is equal to its supply. The price that balance demand and supply is known as the equilibrium price.
[/tex] = Equilibrium price
Equilibrium quantity is given by,
Answer:
$522
Explanation:
Calculation to determine How much did he pay if payment was made during the discount period
Amount paid =$550-(5%*$550)
Amount paid=$550-$28
Amount paid=$522
Therefore the amount he will he pay if payment was made during the discount period is $522
Answer: According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are <u>EQUAL TO</u> nominal wages at the short-run equilibrium resulting from the increase in the money supply, and <u>LESS THAN</u> nominal wages at the long-run equilibrium.
Answer:
In the context of the different leader styles, Jordan uses the participating style
Explanation:
Participative leadership also known as Democratic Leadership Style is a method of leadership that involves all team members in terms of identifying important goals as well as developing strategies and procedures to achieve the goals.
Answer:
YESSSSSS I DOOOOOO THAT THING WAS WERIDDDD