1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serga [27]
2 years ago
12

If a nonbinding price floor is imposed on a market, then the

Business
1 answer:
Svetllana [295]2 years ago
5 0

if a nonbinding price floor is imposed on a market, then the quantity sold will stay the same.

Here are the options of this question:

  1. then the a quantity sold in the market will stay the same
  2. quantity sold in the market will decrease
  3. price in the market will increase
  4. price in the market will decrease

A price floor is when the minimum price for a good or service is set by the government or an agency of the government. Price floor is usually set for agricultural products. This is done to encourage suppliers of goods and services.

<u><em>Types of price floor</em></u>

  • Binding price floor: this is the price floor that is set above equilibrium price. When the price floor is binding, the supply of a good would increase.  

  • Non-binding price floor: this is the price floor that is set below equilibrium price. When the price floor in nonbinding, there would be no change in supply.

<u><em>An example:</em></u> If the price of a good is $10. The equilibrium price is $12. If the government sets the price as $14. This is a binding price floor. If the price is set below $12, it is a nonbinding price floor.

To learn more about price floors, please check: brainly.com/question/13335147?referrer=searchResults

You might be interested in
A company uses 85 circuit boards a day in a manufacturing process. The person who orders the boards follows this rule: Order whe
Natalija [7]

Answer:

0.1093 or 10.93%

Explanation:

The number of days before the company runs out of stock after placing an order (X) is:

X = \frac{Stock}{demand}= \frac{625}{85}\\X= 7.353\ days

Assuming a normal distribution with:

Mean (μ) = 6

Standard deviation (σ)=1.10

The z-score for X=7.353 is:

z=\frac{X- \mu}{\sigma}\\z=\frac{7.353- 6}{1.10}\\z=1.23

According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:

P(X>7.353) = 1 - 0.8907\\P(X>7.353) =  0.1093

8 0
4 years ago
Speculative investments are high-risk investments with the possibility of high returns in a short period of time.
bixtya [17]
<span> <span>True. Risk in investment can be defined as the possibility that the investor may lose a big portion or all of the initial investment or make very high returns in a short period. Risk which is often likened to volatility dictates that the higher the volatility the higher the chances of returns. Speculative investments such as leveraged ETFs(commodities such as gold, oil, silver), options, venture capital trusts are considered high risk and often so offer handsome returns or cost the investor all or even more of their initial capital. It is however important to note that high risk does not automatically translate into high returns. The intrinsic value of the investment vehicle among other factors need to be considered in depth to determine if the investment is worth the risk</span></span>
8 0
3 years ago
Read 2 more answers
Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest. a. How much money will you have i
alekssr [168]

Answer: $242,567.27

Explanation:

The $5,000 is an annuity as it is being paid every year and is a constant amount.

The value in 19 years is the future value of this annuity:

Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate

= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%

= $242,567.27

8 0
3 years ago
Principal components of a master budget include a.production budget b.capital expenditures budget c.sales budget d.All of these
murzikaleks [220]

The principal components of a master budget include D. All of the above.

<h3>What is a budget?</h3>

A budget simply means an estimate of the income and expenditure for a particular period.

In this case, the principal components of a master budget include production budget, capital expenditures budget, and sales budget. Therefore, it's all of the above.

Learn more about budget on:

brainly.com/question/24940564

4 0
2 years ago
2lm²n³ ÷ 3l³m²n <br><br>please help :)) ​
Anvisha [2.4K]

Answer:

\frac{2}{3} {l}^{ - 2} {m}^{0}  {n}^{2}

{m}^{0}  = 1

8 0
3 years ago
Other questions:
  • "Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne
    10·1 answer
  • Q2: In the expenditure cycle, the majority of payments made are by check. What are some
    15·1 answer
  • Nederlander's Audience Rewards program strongly benefits small privately-owned theaters and show producers who back the company
    9·1 answer
  • What are the three major types of equity accounts
    9·1 answer
  • Freeflight Airlines is presently operating at 70 percent of capacity. Management of the airline is considering dropping Freeflig
    14·1 answer
  • Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
    11·1 answer
  • Actual indirect materials costs$11,800 $6,700 Actual indirect labor costs 55,600 45,900 Other overhead costs 16,000 49,900 Overh
    5·1 answer
  • Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.
    14·1 answer
  • In the formula I=P•r•t, what does r stand for
    15·1 answer
  • Arthur does not like change. He thinks the cell phone he currently owns is just fine even though it doesn't have all the feature
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!