subject
Mathematics, 11.06.2020 16:57 Kyliehayden05

The feature states that in New Jersey, a law against price gouging prohibits price increases of more than 10 percent in an emergency situation. Assume that prior to Sandy the equilibrium price for portable generators was $100 and the equilibrium quantity was 200 units per month and generator sellers raised prices to the maximum amount allowed by law. Do you think that new higher price will be high enough to meet the increased amount?Use a supply and demand graph to explain your answer.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 21:00
List x1, x2, x3, x4 where xi is the midpoint endpoint of the five equal intervals used to estimate the area under the curve of f(x) between x = 0 and x = 10.
Answers: 1
question
Mathematics, 21.06.2019 22:30
What is the point slope form of a line with slope -5 that contains point (2,-1)
Answers: 1
question
Mathematics, 21.06.2019 22:30
Bob the builder is making 480kg of cement mix. this is made by cement, sand and gravel in the ratio 1: 3: 4
Answers: 3
question
Mathematics, 21.06.2019 23:30
What is the value of x? enter your answer in the box.
Answers: 1
You know the right answer?
The feature states that in New Jersey, a law against price gouging prohibits price increases of more...
Questions
question
Mathematics, 03.07.2019 19:00
question
Mathematics, 03.07.2019 19:00