Answer:
Option B.
No, a binding price ceiling benefits only some buyers because not all are able to obtain the goods in the legal market.
Explanation:
A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above the price, that price binds the market for that good. Because the government keeps the price artificially low, businesses will not produce enough of those goods to satisfy the market.
This results in an insufficient supply of those goods, creating a shortage in those goods, and with a shortage of goods, only some of the buyers will be able to obtain the goods in the legal market.
Therefore, the option that best suits the question is option, B. Not all buyers benefit from a binding price ceiling. A BINDING PRICE CEILING BENEFITS ONLY SOME BUYERS BECAUSE NOT ALL ARE ABLE TO OBTAIN THE GOOD IN THE LEGAL MARKET.
Answer:
The correct option is B.
Explanation: A corporate form of business organization is an organization which has an existence that is independent of its owners, meaning that the organization exists separately from its owner(s).
In other words, Corporations are business organizations that have powers and liabilities which are separate and distinct from those of its owners.
Corporate organizations are by far, the easiest to forms of incorporated structures to transfer, whether this is part or the whole company. What this means that a major attribute of a corporate organization is that ownership rights in the corporation can be easily transferred from one person to another, and this can be either a part of the organization, or the whole organization.
They are radiologists. They are people who look at X-Rays, MRI scans, et cetera.
Income elasticity of demand or price elasticity of demand shows how responsive the demand of an item is to price changes. Now -3.00 is elastic, because an elasticity that is greater than 1 means that it is elastic. But what does the negative mean?
The negative sign indicates that price and demand are inversely proportional. That means that as the price goes up, the demand goes down. Vice versa, as the price goes down the demand goes up.
Answer:
the warranty liability is $742,000.
Explanation:
The computation of the warranty liability is as follows;
= Expected warranty liability - actual warranty expenditure
= ($29.4 million × 3%) - $140,000
= $882,000 - $140,000
= $742,000
Hence, the warranty liability is $742,000.
It could be come by applying the above formula so that the accurate amount could arrive
