The market for whisky in Scotland is described by the following demand and supply equations: Demand:
D=80−P
Supply:
S=−40+2P

where P is the price of a liter of whisky, and is the number of liters sold per week, in thousands. Suppose the Scottish government mandates a price of £60 per liter.

Required:
Is the market in equilibrium?

a. The market is in equilibrium because at £60 per liter, quantity supplied equals quantity demanded.
b. The market is in equilibrium because the price of £60 per liter is a fair price for society.
c. The market is not in equilibrium because any price set by the government cannot be an equilibrium price.
d. The market is not in equilibrium because at £60 per liter, quantity supplied does not equal quantity demanded.

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine.andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital