What happens if a jury duty summons is sent to the wrong address?

Answers

Answer 1
The individual should have their address updated, although if it's the fault of the court, there won't be a penalty or anything, but the individual will need to justify what happened.
Answer 2
Final answer:

If a jury duty summons is sent to the wrong address and the court finds it out, they will attempt to correct the error and resend the summons. The person won't usually face penalties if they cooperate once they receive the correct summons. Jury duty is a critical part of the judicial system, and one must take it seriously.

Explanation:

If a jury duty summons is sent to the wrong address, the court may not be aware of the mistake, and the person intended to receive the summons may not know they were selected for jury duty. As a result, they may fail to report for duty, and this could theoretically lead them to face penalties for failing to show up. However, in most cases, the court will usually make efforts to correct the error and resend the summons once they realize the error. The individual would not usually face penalties as long as they cooperate and report for duty once they receive the correct summons.

Jury duty is a crucial civic responsibility, providing individuals in court the opportunity to be tried fairly by a group of their peers. The process is a key aspect of the judicial system and requires potential jurors to be summoned to court, screened for impartiality, with the goal of seating twelve (in most states) and one or two alternates.

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Related Questions

What theory asserts that workers want to be taken care of and protected by their leaders?

Answers

I believe the correct answer is Theory X.
It is a rather pessimistic point of view which suggests that workers have no ambitions whatsoever and are constantly in need of someone to pat their shoulders and tell them they did a good job. They always need approval even though they are not interested in the work they do.

Sometimes ___________ is used to create a realistic situation with genuine reactions from participants.

Answers

Hi,

I believe that the answer to your question is "A nonmonetary incentive or "Case observation"

Just a guess :) 

If a person starts investing $100 per month starting at age 21, and that money earns a 7% return every year, how much will this person have when turning 70 years old? for ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).

Answers

The future worth of money with the investment made every year can be calculated through the equation,
            F = A x ((1 + r)^n - 1/ (r))
Substituting the known values,
            F = ($1200) x ((1 + 0.07)^49 - 1) / (0.07))
                  F =  $454,798.8 

Hence, the future worth of the made contribution is $454,798.8. 

The person will have $454,798 when he will be 70 years old.

Further Explanation:

Future Value: Future value is the value of a product in the coming future. it is the value of the goods that would be realized after the sales of the goods in the future. It is calculated by using the future value annuity factor. Future value is used for the selection of the project. The value of the project can be accurately ascertained by determining the future value of the product because the product would be sold in the future at the future value.

[tex]\begin{aligned}\text{FV of the annuity}&=\text{P}\left(\dfrac{(1+r)^{n}-1}{r}\right)\\\text{P}&=\text{Periodic Payment}\\r&=\text{rate per period}\\n&=\text{number of periods}\end{aligned}[/tex]

Calculate the Future Value:

[tex]\begin{aligned}\text{FV of the annuity}&=\text{P}\left(\dfrac{(1+r)^{n}-1}{r}\right)\\&=\$1,200\left(\dfrac{(1+0.07)^{49}-1}{0.07}\right)\\&=\$1,200\times 378.99\\&=\$454,798\end{aligned}[/tex]

Therefore, the person will have $454,798 when he will be 70 years old.

Learn more:

1.      Learn more about the lifetime cost of the loan along with interest https://brainly.com/question/1757741 

2.      Learn more about the interest on credit card https://brainly.com/question/5993991

3.   Learn more about compound interest

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Answer details:

Grade: High School

Subject: Time Value of money

Chapter: Financial Management

Keywords: If, a person, starts, investing, $100, per, month, starting, at age 21, and, that, money, earns, a 7%, return, every, year, how, much, will, this, person, have, when, turning, 70, years, old,  for, ease, of, calculation, annual, contributions, of present value.

Zack has two savings accounts with a total of $9,000. he withdrew 10% from one and 60% from the other to buy his girlfriend an engagement ring. if the ring cost $2,175, find the remaining balance in each account.

Answers

Originally,
Let x = the balance in the first account.
Let y = the balance in the second account.

The total amount in the two accounts is $9,000, therefore
x + y = 9000                      (1)

Zack withdraws 10% of x and 60% of y for a total of $2,175.
Therefore
0.1x + 0.6y = 2175
or
x + 6y = 21750                   (2)

Subtract (1) from (2).
x + 6y - (x + y) = 21750 - 9000
5y = 12750
y = 2550
From (1), obtain
x = 9000 - 2550 = 6450

The balance in the first account is
0.9*x = 0.9*6450 = $5,805
The remaining balance in the second account is
0.4*y = 0.4*2550 = $1,020

Answer:
The balance in the first account is $5,805
The balance in the second account is $1,020

Final answer:

After making the withdrawal for the engagement ring, Zack was left with $4,500 in the first savings account and $1,600 in the second savings account.

Explanation:

This problem is a matter of simple algebra. We know that Zack has a total of $9,000 in his two accounts. Let's denote the amount in the first account as x and the one in the second account as y. So, we have x + y = $9,000. He withdrew 10% from the first account and 60% from the second account, which gave him $2175. Therefore, 0.1x + 0.6y = $2175. By solving these two equations, we find that x = $5,000 and y = $4,000. After the withdrawal, Zack has $5,000 - $500 = $4,500 in the first account and $4,000 - $2,400 = $1,600 in the second account

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As a homeowner, it is safe to assume that
A.
you can run a commercial business from your home.
B.
you can build a fence or other structure anywhere you want on your property.
C.
you must comply with all deed restrictions.
D.
zoning laws have no effect on your property.

Answers

B. you can build a fence or other structure anywhere you want on your property.

What forms of organization will enable the owners of regal signsregal signs to limit their risk of loss to the amounts they have invested in the​ business?

Answers

the answer to this question is Limited-liability partnership and limited-liability corporation.
In limited-liability corporation form, owner's personal wealth will not be accountable to pay the debt that acquired by Corporation. So when the corporation declared bankruptcy, the amount of remaining debt will be legally considered as gone

Why do so many people borrow money for large purchases instead of using sinking fund?

Answers

sinking fund is a special account that we made to reduce the liability from our bonds.  In order to use it, we set up an account specifically used to re-purchase the bonds that we issued.

Sinking fund can be used only if the owner of the sinking fund able to re-purchase their liability. (such as using bonds)

Sinking fund requires a lot of time and  planning  but it is also a safe and efficient way for clearing the debts.

Since people in the world do not possess the ability to create bonds, they choose to borrow money for large purchases instead.

Final answer:

People often borrow money for large purchases due to the immediacy of the purchase, the potential benefits from certain loans, and current interest rates. While sinking funds require discipline and time, borrowing allows people to make immediate purchases and potentially gain tax benefits or investment opportunities.

Explanation:

People often borrow money for large purchases rather than using a sinking fund for several reasons. One key reason is the immediacy of the purchase. Large purchases like homes or cars often require substantial amounts of money that most individuals do not have readily available. Borrowing allows them to make the purchase immediately, and pay it off over time.

Secondly, people sometimes choose borrowing over a sinking fund - which is a method where a person sets aside money over time specifically for a future purchase - because they may benefit from certain types of loans. A mortgage loan for a home, for example, might come with tax benefits that can offset the cost of interest paid.

Lastly, interest rates may also play a role in this decision. If interest rates are low, it could be cheaper to borrow money now and invest the saved funds elsewhere for a higher return. Although a sinking fund can be a prudent financial strategy, it requires discipline, time, and forethought that some people may not have.

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A price elasticity of infinity corresponds to a demand curve that is:

Answers

A price elasticity of infinity corresponds to a demand curve that is horizontal. That would be considered perfectly elastic, and in a perfectly elastic demand situation something can sell as much as much as it wants as consumers are ready to purchase a large quantity of product.
Final answer:

A price elasticity of infinity represents a perfectly elastic demand curve, which is a horizontal line denoting that any small price increase will cause the quantity demanded to drop to zero, while at a certain price, the quantity demanded is infinitely large.

Explanation:

A price elasticity of infinity corresponds to a perfectly elastic demand curve. This is an extreme case of elasticity where the quantity demanded changes by an infinite amount in response to any price change, no matter how small. The demand curve in this scenario is represented by a horizontal line, indicating that consumers will demand an infinite quantity of the product at a specific price, but the quantity demanded drops to zero if the price increases even slightly.

While this is a theoretical extreme, it helps us understand markets where goods have many substitutes or are not essential. Goods such as luxury items, which take a large share of individuals' income or have many substitutes, tend to have more elastic demand curves, but not infinitely elastic in reality.

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The _____ is an international cooperative of 188 member countries, working together to reduce poverty in the developing world.

Answers

The World bank is an international financial institutions cooperative with 188 member countries, working together to reduce poverty in the developing world. It also provides loans to countries of the world for capital programs and has low-interest loans. It is also an International organization that provides financing, advice and research to develop to aid their economic advancement.

Final answer:

The World Bank is an international organization with 188 member countries focused on reducing poverty through financial assistance, loans, and grants for economic growth in developing nations.

Explanation:

The World Bank is an international cooperative of 188 member countries, working together to reduce poverty in the developing world. Its primary role is to provide loans and grants to developing countries, with the overarching aim of fostering economic growth and eliminating poverty.

The World Bank works to raise funds for the world financial markets, but it also partners with other organizations like the United Nations Development Program (UNDP) to offer impactful assistance to less developed countries.

Economists within the World Bank utilize various growth models to comprehend different countries' growth experiences and to assess the potential impacts of their economic policies. Furthermore, the World Bank's efforts fall under broader international strategies for poverty reduction, developed since the end of World War II, which emphasize global justice and empowering marginalized groups through official development assistance or aid.

It is a good idea to accept a promotion interview, even if you’re not interested in the promotion because _______. a. Turning down a promotion you don’t want is easier after an interview b. It could be good practice for the time you do want a promotion c. Being able to use up your supervisor’s time will make you seem important d. Having a promotion interview will give you an automatic wage increase Please select the best answer from the choices provided A B C D

Answers

It is a good idea to accept a promotion interview, even if you’re not interested in the promotion because B. It could be good practice for the time you do want a promotion.
It is always a good thing to take these opportunities even if it is just for practice. A time will come when you will want to take such an opportunity, so it would be good to be prepared for such a moment and a promotion interview is a good start.

It is a good idea to accept a promotion interview, even if you’re not interested in the promotion because _______.

a.

Turning down a promotion you don’t want is easier after an interview

b.

It could be good practice for the time you do want a promotion

c.

Being able to use up your supervisor’s time will make you seem important

d.

Having a promotion interview will give you an automatic wage increase

Answer: B

Which term is used to describe 'aiming too high' for a particular goal?

Answers

The term "overshoot" is used to describe "aiming too high" for a particular goal. Various definitions of "overshoot" include, but are not limited to: 1. To shoot or pass over or beyond. 2. To miss by or as if by shooting, hitting, or propelling something too far. 3. To fly beyond or past; overrun: The plane overshot the runway. 4. To go beyond; exceed.

The economy is a social mechanism that helps coordinate __________.

Answers

The economy is a social mechanism that helps coordinate the distribution of goods, the resources for production, and division of labor. The economy is defined as the wealth and resources of a country, production, services, and markets.

Which of these bottled water brands is produced by the makers of coca-cola?

Answers

The answer to this question is DASANI
the makers of coca cola was interested in entering bottled water brands after seeing the success of Aquafina (which was produced by coca cola's rival)
 between May 2014 and 2015  alone, DASANI managed to achieve impressive sales of 1.05 Billion dollar

Final answer:

The bottled water brand produced by Coca-Cola is Dasani. This aligns with Coca-Cola's diversified beverage portfolio and shows the company's efforts in sustainable water use, including reducing water used in drink production and restoring water to affected communities.

Explanation:

The bottled water brand produced by the makers of Coca-Cola is Dasani. This brand is part of Coca-Cola's broad beverage portfolio and is positioned in the market as a purified water that undergoes a specific filtration process. Coca-Cola, a global beverage powerhouse, has diversified its product line to include not just sodas but also water, tea, and sports drinks, among others. This diversification includes understanding the trade-offs and resource allocation necessary to balance production between soft drinks and bottled water, especially considering the environmental impacts of bottled water production.

Moreover, Coca-Cola's efforts to manage water usage more sustainably are notable. Although the company has faced criticism for its water usage practices in the past, it has vowed to make improvements. For example, initiatives to reduce the water used in drink production, as well as efforts to restore water to communities affected by its water usage, highlight Coca-Cola's acknowledgment of the importance of sustainable water use practices in its operations, including the production of bottled water like Dasani.

A computer that is dedicated to sharing data and managing resources is called

Answers

Final answer:

A computer dedicated to data sharing and resource management is called a server. Minicomputers were a type of server, now often supplanted by powerful PCs or cloud computing solutions. Servers can use virtualization to optimize resource allocation and handle large computing tasks efficiently.

Explanation:

A computer that is dedicated to sharing data and managing resources in a network is typically called a server. Servers can range in size and complexity from small office servers to large data centers filled with hardware to support the computing needs of multiple users and organizations. One type of server is a minicomputer, which supports many users at once but has less computing capacity than a mainframe. Minicomputers have largely been replaced by powerful personal computers that can function in a distributed computing network, where a personal computer sends information to other computers within the network.

Other computing models have emerged, such as cloud computing, which is based on the service model of allocating hardware and software resources as needed. Cloud computing provides both public and private services and is often used by businesses over the Internet. Additionally, effective collaboration in modern computer networks may be supported by groupware or workgroup support systems, which are software designed to facilitate group work and document management.

Modern computers utilize hardware resources like CPUs, memory, and storage, and employ various software methods to enhance their capacity, such as virtualization. This technology allows a single server to act as if it is multiple smaller systems. With virtual servers, resources can be dynamically allocated according to the systems' needs, allowing for efficient use of the hardware.

An essential development that has enabled digital computers to efficiently process large amounts of information is the creation of devices and technology that support the data sharing and management roles of servers, such as powerful processors, adequate memory capacity, and high-speed networks.

Select the answer that most accurately describes the effects of NAFTA.

a. Due to the increase of trade and competition, NAFTA has unquestionably benefited all countries involved.
b. Due to the exploitation of labor, NAFTA has been detrimental to Mexico.
c. It is difficult to assess all the results of NAFTA, but most economists agree that NAFTA has been beneficial to the countries involved.
d. It is difficult to assess all the results of NAFTA, but most economists agree that NAFTA has had a negative impact on the countries involved.

what is the answer?

Answers

The answer is C


hope this helps

The answer is "c. It is difficult to assess all the results of NAFTA, but most economists agree that NAFTA has been beneficial to the countries involved".


 The North American Free Trade Agreement (NATFA) was the entryway through which American specialists were pushed into the neoliberal worldwide work showcase.  

By building up the rule that U.S. partnerships could move generation somewhere else and move once again into the United States, NAFTA undercut the bartering intensity of American specialists, which had driven the extension of the white collar class since the finish of World War II. The outcome has been 20 years of stale wages and the upward redistribution of salary, riches and political influence.

When a material is subjected to a change in ____, it may expand, contract, conduct, or reflect heat?

Answers

When a material is subjected to a change in ____, it may expand, contract, conduct, or reflect heat.A.ductilityB.strength

C.permeabilityD.temperatur

Final answer:

Materials expand, contract, or change in their ability to conduct or reflect heat when subjected to temperature changes, a concept known as thermal expansion, which is used in devices like thermometers and accounted for in structures with expansion joints.

Explanation:

When a material is subjected to a change in temperature, it may expand, contract, conduct, or reflect heat. This behavior is known as thermal expansion. The underlying cause of thermal expansion is the increase in kinetic energy of atoms, making them move apart from each other. This can be observed in solids, liquids, and gases to various extents, with gases being the most affected. Thermal expansion is crucial in the operation of many thermometers, which are designed to measure temperature changes by exploiting this property. Materials expand in length, area, and volume with temperature increases, and likewise contract when temperatures decrease. Expansion joints in structures like bridges and railroad tracks are practical applications that allow for such changes due to temperature variations.

The view that alcoholism is a _______ dates back to 200 years ago.

Answers

The answer to this question is: Sickness
Actually, the negative effect of consuming alcohol excessively could be easily spotted 200 years ago compared to these days.
In the past, most of our activities required physical work, such as agriculture or mining. People who consume alcohol excessively will be really weak and uncoordinated when performing such jobs
Sickness is the answer hope i helped .

In a sample of 800 students in a university, 240, or 30%, are business majors. the 30% is an example of

Answers

The 30% is an example of "Descriptive Statistics".
Descriptive Statistics are utilized to portray the essential highlights or basic features of the information in any study. They give straightforward rundowns about the specimen and the measures and together with basic analysis of graphics, they frame the premise of for all intents and purposes each quantitative examination of information.

The federal highway administration reports nearly ___________ work zone fatalities per year

Answers

Work zone does not have a definite meaning since different states have unique definition of work zones. Fatalities on the other hand are the accidents that happen. So, work zone fatalities are around 800 per year as recorded by the federal highway administration. 

The answer is: 800

These number of fatalities are strongly correlated to the failure in following the safety measurements that created by OSHA. For examples, failing to put bright colored signs around the work zones, not using lights when being in the work zone at night/dawn, do not use safety rope to reach deep or high places, etc.

The largest expenditure category in the united states is

Answers

The largest expenditure category in the united states is consumption expenditure

The shape is in 3d and looks like a hexagon looking at it normally you would say it has 2 sides but if you do a certain flexing/folding of it on of the sides disappear and a new one appears it can be made out of paper in real life

Answers

A face is one of the polygonal surfaces of a polyhedron.

This rectangular prism has six faces. We can see three of them (blue, purple, and green); the other three are hidden from view. This polyhedron has eight faces. We can see five of them -- four rectangles (of which the blue, purple, and red ones appear to be square), and a green L-shaped six-sided figure (hexagon). The other three faces -- the bottom rectangle, the tall right-side rectangle, and the back L-shape -- can't be seen.

Sales of denim shorts and denim jeans for may totaled $1,955. the shorts sold for $15 each, and the jeans sold for $28 per pair. if 100 items were sold, how many of the shorts were sold

Answers

Number of shorts sold=xnumber of Jeans sold =y 100 items were sold x +y=100         eq 1x=100-y  The shorts sold for $15 each, and the jeans sold for $28 per pair.Sales of denim shorts and denim jeans for May totaled $1,955.  15x+28y=1955    eq 2

 substitute the value of x in second equation 15(100-y) +28y=1955 1500-15y+28y=1955 13y=455 y=35 x=100-35=65 Number of shorts sold=x=65
number of Jeans sold =y=35
Final answer:

By employing the system of equations method, we find that the store sold 65 pairs of shorts and 35 pairs of jeans to achieve total sales of $1,955 from the 100 items.

Explanation:

Let's use the system of equations to solve the problem. We know that the total number of items sold would be the sum of the number of shorts (let's call it S) and the jeans (let's call it J), or S + J = 100, based on the information from the question. Next, we know that the total cost of the items sold is $1,955 which would be the sum of the cost of each shorts sold and each jeans sold or 15S + 28J = 1955.

To solve this system of equations, you can use substitution or elimination methods. However, let's solve it using substitution for this instance. Solving the first equation for S gives S = 100 - J. Substituting (100 - J) for S in the second equation gives 15(100 - J) + 28J = 1955. Simplifying this gives 1500 - 15J + 28J = 1955, or 13J = 455, hence J = 35. Substitucing J = 35 into S = 100 - J gives S = 65. So, 65 pairs of shorts were sold.

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1640s, the principal crop grown in barbados went from being tobacco to

Answers

The answer is sugar cane. Tobacco, the crop on which the economy of the Lesser Antilles was originated, began to decline as a result of competition from Virginia tobacco. In 1613 John Rolfe had presented tobacco to Virginia, the earliest of the North American colonies. A variation imported from Trinidad proved very satisfactory. A new market force at work was the increasing demand for sugar in Europe. After the colonization of India and the Far East, coffee and tea were becoming gradually popular in Europe and hence the request for sugar as a sweetener for these drinks. A transatlantic voyage made the West Indies available to the European market. This journey was much easier than that which brought coffee, tea and spices to the European market. Chance also played a share. The Dutch and the Portuguese were struggling for Brazil between 1624 and 1654, and once the Dutch were winning, at least in Northern Brazil, they sent Portuguese prisoners of war north to the islands to be sold as slaves. In 1643 a Dutch ship transported fifty Portuguese slaves to Barbados. They were freed because the enslaving of Christians was not accepted, but Barbados had fifty laborers experienced in the growing of sugar available. Then, when the Portuguese started appealing back Northern Brazil from the Dutch, the Dutch move towards to the islands of the eastern Caribbean as expats, bringing with them their skill in sugar production.

13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audit payroll controls in the annual audit plan prepared prior to the outsourcing. what action should the audit tram take, considering the outsourcing decision?

Answers

Final answer:

When a company outsources its payroll process, the audit team should adjust their focus to evaluating the third-party service provider's controls, ensuring compliance checks are included in the agreement, and regularly monitoring the effectiveness of the outsourced processes.

Explanation:

Given that a company has outsourced its payroll process, the audit team initially scheduled to audit payroll controls must adjust their plans. Outsourcing does not eliminate the need for an audit; rather, it changes its focus. The audit should now evaluate the controls and processes of the third-party service provider to ensure they meet the company's standards and regulatory requirements. This adjustment acknowledges that while payroll functions are performed externally, responsibility for accuracy, compliance, and security remains with the originating company. This scenario underscores the importance of ongoing due diligence and monitoring of outsourced functions.

The audit team should:

Review and assess the third-party service provider's controls and security measures.Ensure that the outsourcing agreement includes provisions for audit rights and compliance checks.Monitor the effectiveness of the outsourced payroll processes on a regular basis.

The goal of these steps is to maintain compliance and ensure the integrity of payroll operations, even when handled externally.

Mr. elliot visits a local candy store and purchases 4.50 pounds of licorice at $4.47 a pound. what is the total cost of his candy? round to the nearest cent.

Answers

To determine the total amount that Mr. Elliot will have to pay for the purchased candy from the candy store, all that needs to be done is to multiply the weight of the candy in pounds by the price per pound. That is,

              total cost = (4.50 lbs)($4.47/lb)
               total cost = $20.115

If we are to round the answer to the nearest cent, it would be $20.2

Thus, the answer is $20.2. 

Answer:

20.12

Explanation:

You would multiply 4.50 and 4.47 which is 20.115 and then round to the nearest CENT. So since the ending number is 5 it would be rounded up to 2. Making it $20.12 :)

John would like to move from the suburbs into the city, but the rent in the city is very high.john has found an apartment he really likes, but he can only afford about 60% of the monthly rent. what is the best housing option for john

Answers

John could either keep looking for an apartment that he can afford 100% of, or he could look for a roommate and go 50/50 on the monthly rent. 

For electronically deposited funds, such as an employee's direct deposit, when must banks make those funds available to the employee?

Answers

The banks make the funds available to the employees on THE PAY DAY.
Direct deposit is an electronic method, which is used to pay employees' salaries. It is a better alternative to issuing checks. Banks are mandated to deposit the net pay into the employees' accounts on the pay day, that is, on the day of the month when their salary is usually paid.

Is it legal for an 18 year old to smoke weed washington?

Answers

I don't think so, I think it is like alcool so over 21

It's not. You must be over 21 to smoke weed in almost anywhere around the US. Sorry to say, but you have to wait for another 3 years, buddy. Lol

Clay's Sandwich Shop is very busy during lunch. The line of customers runs out of shop and down the sidewalk from noon to 1pm. Many people leave without ever being able to buy one of this sandwiches before their lunch break ends. Considering this information, which situation would BEST increase Clay's chances of increasing his profits?

hiring more employees
buying better ingredients
moving to a new location
changing the store hours

Answers

hiring more employees

Answer:

hiring more employees

Explanation:

Clay must make a cost benefit analysis, where he compares the marginal labor cost versus the marginal revenue product. Since Clay's restaurant has an excessive amount of customers and some can't even buy a sandwich, his analysis will probably determine that he should hire more workers.

Clay's cost benefit analysis should compare how much money he could make by hiring an extra employee or probably even more than one extra employee.

If the government imposes a price ceiling of $90, does a shortage or surplus (or neither) develop?what are the price, quantity supplied, quantitydemanded, and size of the shortage or surplus?

Answers

Price ceilings are the highest price that the establishment could sell their products for. In this item, it is given that the maximum price that the establishment could impose is only $90. Price ceilings are developed and are being implemented in order to limit the power of the sellers over products that are very much in demand to the users. 

Hence, for this item, the price will have a maximum value of $90, the quantity supplied are relatively lower while the demand grows more and more. Moreover, shortage of the product will happen due to the increased demands. 

A price ceiling of $90 results in a shortage because it increases the quantity demanded to 150 units while decreasing the quantity supplied to 80 units, resulting in a 70-unit shortage.

When the government imposes a price ceiling of $90, a shortage develops. A price ceiling is a maximum legal price set below the market equilibrium price, causing demand to exceed supply. To determine the impact, we need to know the equilibrium price, equilibrium quantity, the quantity supplied, and the quantity demanded at $90.

Assuming an equilibrium price of $120 with an equilibrium quantity of 100 units, here’s the breakdown:

At Price Ceiling of $90:

Quantity demanded: Let’s assume it increases to 150 units due to the lower price.Quantity supplied: Let’s assume it decreases to 80 units due to the lower price.Shortage: 150 units (demand) - 80 units (supply) = 70 units.

This results in a shortage of 70 units. Price ceilings lead to shortages because they increase the quantity demanded while decreasing the quantity supplied, disrupting the market equilibrium.

Other Questions
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