The price of a dozen roses in the united states is about $30. if $0.559 u. s. dollars can purchase 1.00 turkish lira, how much does the same dozen roses cost in turkey if purchasing power parity holds?

$53.67

Explanation:

The computation of the rose cost in Turkey is shown below:

= (Price of a dozen roses in the United States × U.S dollars purchase value) ÷ (U.S dollars value)

= ($30 × 1) ÷ ($0559)

= $53.67

We simply multiply the price of a dozen rose with the U.S dollars purchase value and then divide it by the U.S dollars value so that the rose cost can be computed in a correct value.

answer///a coalition;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.