Suppose there is an excess demand for cell phones. In a market without price controls market pressures will cause the price of cell phones to ____ until it reaches the equilibrium price

Answers

Answer 1

Answer:

Step-by-step explanation:

rise/increase/grow

Answer 2

Answer:

Step-by-step explanation:

The key word is increase.

People who don't have a cell phone will bid the price up until some of the people wanting a cell drop out of the bidding. Then only those willing to pay a higher price will be left to buy the cell at a much higher price than was initially thought to be the right price.

Phew. Try reading that sentence a couple of times. It's right, but there should be an easier way to say it.


Related Questions

On a given day, the proportion of workers from Company B who purchase a coffee from the company cafeteria is 0.62 and the proportion of workers from Company C who purchase a coffee from the company cafeteria is 0.71. A random sample of 40 workers was selected from Company B and another random sample of 40 workers was selected from Company C. The proportion of workers from Company B who purchased coffee was

Answers

Complete question is;

On a given day, the proportion of workers from Company B who purchase a coffee from the company cafeteria is 0.62 and the proportion of workers from Company C who purchase a coffee from the company cafeteria is 0.71. A random sample of 40 workers was selected from Company B and another random sample of 40 workers was selected from Company C. The proportion of workers from Company B who purchased coffee was p^_B = 0.70 and the proportion of workers from Company C who purchased coffee was p^_C = 0.75.

What is the correct unit of measurement for the mean of the sampling distribution p^_B - p^_C?

A) Days

B) Dollars

C) Companies

D) Workers

E) There are no units associated with the mean of the sampling distribution

Answer:

E) There are no units associated with the mean of the sampling distribution

Step-by-step explanation:

We are given;

Population proportion for workers from Company B who purchase a coffee from the company cafeteria as 0.62

Population proportion for workers from Company C who purchase a coffee from the company cafeteria as 0.71

Now, we were told that a random sample of 40 each were selected from both company B & C and the sample proportion were;

p^_B = 0.70 and p^_C = 0.75

Now, this proportions don't have any units as it is based on a ratio of the number of people that purchased coffee to the number of people surveyed.

Thus we can conclude that p^_B - p^_C will not have any units associated with it.

The possible outcomes of the difference in proportions of the two samples

based on on the individual proportions are not associated with a unit.

The correct option for the unit of measure of the sampling distribution [tex]\hat p_B - \hat p_C[/tex] is E. There are no units associated with the mean of the sampling distribution.

Reasons:

The given parameters are;

The proportion of workers of Company B who purchase coffee from the

Company B workers that purchase coffee from the cafeteria = 0.62

Company A workers that purchase coffee from the cafeteria = 0.71

Number of workers in the sample from Company B = 40

Number of workers in the sample from Company A = 40

Proportion of Company B workers who purchase coffee, [tex]\hat p_B[/tex] = 0.71

Proportion of Company C workers who purchase coffee, [tex]\hat p_C[/tex] = 0.75

Required:

The unit of the mean of the sampling distribution of [tex]\mathbf{\hat p_B - \hat p_C}[/tex]

Solution:

The proportion of the workers that purchase coffee is given by the ratio of the number of workers that purchase coffee to the number of workers in the sample.

Therefore;

[tex]\displaystyle \hat p = \mathbf{\frac{Coffee \ buying \ workers}{Total \ number \ of \ workers}}[/tex]

Given that the unit of the numerator and denominator are both workers,

that divide out, we have that the [tex]\mathbf{\hat p}[/tex], [tex]\mathbf{\hat p_B}[/tex], [tex]\mathbf{\hat p_C}[/tex] and therefore [tex]\hat p_B - \hat p_C[/tex] are not

associated with a unit.

Therefore;

The correct option is; E. There are no units associated with the mean of the sampling distribution.

Learn more here about sampling distribution of a sample proportion here:

https://brainly.com/question/14261491

Oxford Junior High's students were asked to report their favorite snacks.

Chips
40%
Grapes
60%
Favorite snacks


If 100 people were surveyed, how many people voted for grapes?

Answers

60 people. If you break the 100% down to 100 people, you’ll see that 60% turns into 60 people, and 40% turns into 40 people. Only reason that works with this question is because there’s 100 people.

What is the monthly payment for a ​$14,000 loan for 6 years with an annual interest rate of 3.1​%?

Answers

Answer:

Calculate the monthly and total repayment cost of your personal loan using the ... 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, 8 years, 9 years ... annual interest rates (APRs), you can see how your monthly loan repayments ... We compare loans that can be paid back over terms of between one and 25 years.

Very good good ahaha

Which could a dilation result in?

Answers

Making a shape bigger and smaller

Answer:

1. A figure getting smaller

2. figure getting larger

HELP PLSSSSSSS PLSSS I BEGH PLSSSSSSS

Answers

Step-by-step explanation:

Unit rate means divide so divide the oz by the cost. Which one is the better cost

A middle school took all of its 6th grade students on a field trip to see a ballet. The students filled 1898 seats, which was 73% of the total number of seats in the theater. How many total seats were in the theater?

Answers

Answer:

x = 2600 seats.

Step-by-step explanation:

Let the total number of seats be x.

Given the following data;

Number of seats occupied = 1898 seats

Percentage = 73%

To find the total number of seats;

Translating the word problem into an algebraic equation, we have;

[tex] \frac {73}{100} * x = 1898 [/tex]

Cross-multiplying, we have;

[tex] 73x = 1898 * 100 [/tex]

[tex] 73x = 189800 [/tex]

[tex] x = \frac {189800}{73} [/tex]

x = 2600 seats.

Therefore, the total number of seats in the theater are 2600 seats.

Diane has 7 meters of fabric to make a dress. One meter is approximately 1.1 yards. How many yards of fabric does Diane have?

Answers

Answer:

7.7 yards & 14.04 gallons

Step-by-step explanation:

so theres 1.1 yards per meter which can be written out as

1.1 yds/1 meter

multiply that by 7 meters would get you 7.7 yards

same with the punch:

0.26 gallons/ 1 liter times 54 liters = 14.04 gallons

2) Will the border line of the graph of y< -22 +42 +5 be a solid line or a broken
line?

Answers

Answer:

69[tex]) ) 22 + 42 + 5 = 69 \sqrt{()xy { { \sqrt[ log_{e\% \sin( \\ \\ \\ \\ \\ \\ \\ \\ \\ \\ \\ \\ \\ \\ \infty \alpha \pi\% log( log( log( log( log( log( log( log(?) ) ) )[/tex]

Which line has a slope of 0?
y= -10
2y + 6x = 0
x= – 5
y=x+5

Answers

When the equation of any line reads "y = a number",

its graph will always be a horizontal line, meaning zero slope.

So the equation y = -10 has a slope of 0 which

means its a flat or horizontal line.

How so you solve -5r+2r is greater than 54

Answers

Answer:

r < -18

Step-by-step explanation:

-5r+2r is greater than 54 can be written symbolically as:

-5r+2r > 54

Combining the r terms, we get:

-3r > 54

Solving this result for r requires reversing the direction of the inequality sign:

r < -54/3, or r < -18

Answer:

r < -18

Step-by-step explanation:

[tex]-5r+2r > 54\\\\\rightarrow \text{Greater Than - } >\\\\\\\text{Combine the Like Terms}\\\\-5 + 2 = -3\\\\\text{So:}\\\\-5r+2r=-3r\\\\\\-3r>54\\\\\text{Divide by -3: }\\\\\frac{-3r>54}{-3}\\\\\boxed{r<-18}\\\\[/tex]

We switch the inequality sign if we multiply or divide both sides of the inequality by a negative number.

Hope this helps.

Given:

A =
1 −1
−2 3
B =
1 5
8 −8
C =
1 2
3 4
Solve:

AX + B = C

Answers

Answer:

-5 3,

-5 6

Step-by-step explanation:

assignment on ed

Solve for t. d= -16t^2 + 12

Answers

Answer:

d= -16t^2 + 12

Step-by-step explanation:

2.1    Factoring    d + 16t2 - 12

Answer:

t=3/8+-(sqr)9-4d/8

Step-by-step explanation:

30 = 2.5x
What is x equal to? Help please!

Answers

Answer:

x = 12

Step-by-step explanation:

30=2.5x for you to find the value of x divide both side by 2.5.

30 = 2.5x

2.5   2.5

12 = x

To check your answer, substitute the value of x.

30 = 2.5 (12)

30 = 30

If it is equal, your answer is correct!

x is equal to 12 in the given equation 30 = 2.5x.

To find the value of x in equation 30 = 2.5x, we can solve for x by isolating it on one side of the equation.

Given equation: 30 = 2.5x

To isolate x, we need to divide both sides of the equation by 2.5:

30/2.5 = (2.5x)/2.5

Simplifying this equation, we have:

12 = x

Therefore, x is equal to 12.

By dividing both sides of the equation by 2.5, we effectively cancel out the multiplication of x by 2.5, leaving us with the value of x. So, when 12 is substituted for x in the original equation, 2.5 times 12 equals 30, confirming that the value of x = 12 satisfies the equation.

Hence, x is equal to 12 in the given equation 30 = 2.5x.

To learn more about the equation;

https://brainly.com/question/12788590

#SPJ6

a farmer has horses and cows if the radio of horses to cows is 3 to 5 and there are 15 horses how many animals are there

Answers

Answer:

Step-by-step explanation:

h/c=3/5=15/c

c=25, 25+15=40 animals

what to multiply from 3/4 to 1

Answers

1.3 recurring because divide 1 by 0.75

4. Use the two patterns below. What are the first four ordered pairs formed from
corresponding terms of the two patterns? *
Add 4: 0, 4, 8,
Add 2: 0, 2, 4,

Answers

Answer:

0,2,4,8

Step-by-step explanation:

:)

REAL LIFE A cylindrical hazardous waste container has a diameter of 1.5 feet and a height of 1.6 feet. Abo
azardous waste can the container hold? Round your answer to the nearest whole number. (1 ft 7.5 gal)

Answers

Answer:

It can hold up to [tex]1.256ft^3[/tex] of waste

Step-by-step explanation:

Given

[tex]D = 1.5ft[/tex] -- Diameter

[tex]h = 1.6ft[/tex] -- height

Required

Determine the amount of waste it can hold

This simply means that we calculate the volume of the cylindrical container.

And this is calculated using:

[tex]Volume = \pi r^2h[/tex]

Where

[tex]\pi = 3.14[/tex]

and

[tex]r = \frac{D}{2}[/tex]

[tex]r = \frac{1.5}{2}[/tex]

[tex]r = 0.75[/tex]

So, we have:

[tex]Volume = 3.14 * 0.5^2 * 1.6[/tex]

[tex]Volume = 1.256ft^3[/tex]

Hence, it can hold up to [tex]1.256ft^3[/tex] of waste

The amount of waste a cylinder can hold nearest to the whole number is 3 cubic feet.

What is a cylinder?

A cylinder is a closed solid that has two parallel circular bases connected by a curved surface.

A cylindrical hazardous waste container has a diameter of 1.5 feet and a height of 1.6 feet.

The amount of waste a cylinder can hold will be given by the volume of the cylinder.

The volume of the cylinder will be

[tex]\rm Volume = \dfrac{\pi}{4} d^2 h[/tex]

We have

d = 1.5 ft

h = 1.6 ft

Then

[tex]\rm Volume = \dfrac{\pi}{4} * 1.5^2 * 1.6\\\\\rm Volume = \dfrac{\pi}{4} *2.25 * 1.6\\\\\rm Volume = 2.82 \approx 3 \ ft^3[/tex]

More about the cylinder link is given below.

https://brainly.com/question/3692256

what is 8 2/10 minus 4 1/3

Answers

Answer:

Convert the mixed numbers to improper fractions, then find the LCD and combine.

Exact Form:

58 /15

Decimal Form:

3.8 6

Mixed Number Form:

3  13 /15

Step-by-step explanation:

Rewriting our equation with parts separated
=8+21−4−13
=
8
+
2
1

4

1
3
Solving the whole number parts
8−4=4
8

4
=
4
Solving the fraction parts
21−13=?
2
1

1
3
=
?
Find the LCD of 2/1 and 1/3 and rewrite to solve with the equivalent fractions.
LCD = 3
63−13=53
6
3

1
3
=
5
3
Simplifying the fraction part, 5/3,
53=123
5
3
=
1
2
3
Combining the whole and fraction parts
4+1+23=523
The answer is 5 2/3

What is the slope of the line that passes through (5,-1) and (8,2)

Answers

Answer:

m=1 (slope)

Step-by-step explanation:

m= change in y / change in x

m= (y2 - y1) / (x2 - x1)

m= (2-(-1))/ (8-(5))

simplify

m= 3/3 = 1

A mug is 3/7 full. The mug contains 4/7 of a cup of water. Find the capacity of the mug.

Answers

Answer:

7/6 cups

Step-by-step explanation:

Mug is 2/7 full

Amount of water in the mug = 1/3 cup

Assume the full capacity of the mug = m

Then the current capacity of water in mug = (2/7) of m = (2/7)m

Current capacity of water in mug is equivalent to 1/3 cup of water

Hence,

(2/7)m = 1/3

2m/7 = 1/3

Cross multiply

(2m * 3) = 7 * 1

6m = 7

m = 7/6

m = 1 1/6 cups

Mr. Tankard's minivan has a 21 gallon
tank. He can travel 354 miles on one
tank of gas. How many miles per gallon
does the minivan get? How many tanks
of gas will he need to travel 870 miles?

Answers

Answer:

1. 16.86 or 16[tex]\frac{6}{7}[/tex] miles per gallon.

2. 2.46 tanks of gas

Step-by-step explanation:

1. 354 ÷ 21= 16.86

Write an algebrale expression for the phrase "elghe more than three times a
number

Answers

x 3

Step-by-step explanation:

Brainiest for the right answers...

Answers

Answer:

9. B 10. C 11. B 12. B

Step-by-step explanation:

Dustin is recording what kind of shoes people are wearing at the mall. He has seen 24 people
wearing boots and 63 people wearing other shoes. What is the experimental probability that
the next person Dustin sees will be wearing boots?
Simplify your answer and write it as a fraction or whole number
P(boots) =

Answers

Answer:

P=24/63

that is the probability

Step-by-step explanation:

hope helps

25, 27, 24, 26, 40
A. What is the mean of the data?
B. What is the median of the data?

Answers

mean is 28.4 (all numbers added together then divided by the amount of numbers)
median is 24 (the middle number)
THE ANSWERS R a. IS 28.4 b. IS 26

If a triangle has sides of 6, 8, and 9, then it is call a________ triangle

Answers

Answer:

Right triangle

Step-by-step explanation:

What's 506.25 roundest to the nearest whole

Answers

Answer:

506

Step-by-step explanation:

What is the value of "twelve more than the quotient of a number and two, decreased by four" when n = 4?
4
6
10
14

Answers

Answer:

Maybe 10 Is the answer

Answer:

the answer is 10

Step-by-step explanation:

Slope- intercept equation from graph

Answers

To find the slope-intercept form

 --> we need to find the slope

 --> we need to find the y-intercept

         The point at which the x-coordinate equals zero

Let's find the slope

 --> let's pick any two pair of points

       (0, -3) & (6, 0)

           (x1, y1) ==> (0, -3)

           (x2, y2) ==> (6, 0)

 --> our slope formula is:

           [tex]\text{Slope}=\dfrac{0--3}{6-0}=\dfrac{3}{6}=\dfrac{1}{2}[/tex]

Let's find our y-intercept

 --> based on the definition, '-3' is our y-intercept

Let's plug in our slope & y-intercept in the slope-intercept form:

  [tex]y=\dfrac{1}{2}x-3[/tex]  <== Answer

     

toby has already cycled 6 kilometers this year, plus he plans to cycle 14 kilometers during each trip to work. after 3 trips to work, how many kilometers will toby have cycled?

Answers

Answer:

48 kilometers

Step-by-step explanation:

If Toby has traveled to work 3 times, and each time he traveled 14 kilometers, to find out how many kilometers he's traveled total, all you have to do is multiply 14 x 3, which equals 42. To find out how many kilometers he's traveled in all this year, just add the amount of kilometers he has already traveled. (42+6)

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