The graph below shows the market for a good where suppliers choose the quantity supplied according to the price of the previous period, but consumers choose the quantity bought according to the price of the current period. First, assume that demand is represented by D1 and that the price-quantity adjustment process starts from point a. Sketch the adjustment process and identify whether the market will converge to the long-run equilibrium P*Q*. Second, assume that demand is represented by D2 and that the price-quantity adjustment process starts from point a’. Sketch the adjustment process and identify whether the market will converge to the long-run equilibrium P’Q’. What factor accounts for the different outcomes under D1 and D2 (In solving this, it may be easier to work with two separate graphs)

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In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Which of the following is least likely to a team solve problems together