If the demand for letters written by Abraham Lincoln is higher than the demand for letters written by John Wilkes Booth, what would have to be true for the market equilibrium prices for these letters to be equal?

The supply of Booth letters would have to be less than the supply of Lincoln letters

Explanation:

C) The supply of Booth letters would have to be less than the supply of Lincoln letters

Explanation:

The equilibrium price of any good or service is determined by the quantity supplied and the quantity demanded of the goods or services. An increase in the equilibrium price results from either a decrease in the quantity supplied or an increase in the quantity demanded, or both. A decrease in the equilibrium price results from the opposite conditions: increase in the quantity supplied or decrease in the quantity demanded.

If both products have the same equilibrium price, but the demand of one of them is significantly higher than the other, the equilibrium must result from a lower quantity supplied.

i believe it’s b because the rest don’t make sense

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20