Suppose demand and supply are given by Qd = 60 - P and Qs = P - 20.a. What are the equilibrium quantity and price in this market?b. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $32 is imposed in the market. Also, determine the full economic price paid by consumers

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year