Question 5 (1 point) When the market price of a good is below the equilibrium price, and all other
determinants are unchanged
A)
the government will regulate the price of the good to ensure equilibrium is
attained.
B) the quantity demanded will be greater than the quantity supplied.
OC) a surplus will exist in the market.
OD) the supply curve will be to the right of the demand curve.

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

An arithmetic progression involves the addition of the same quantity to each number. which might represent the arithmetic growth of agricultural production