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liberstina [14]
1 year ago
8

If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would?

Business
1 answer:
Alexxandr [17]1 year ago
5 0

If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.

A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.

A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.

Learn more about the price ceiling here brainly.com/question/1448982

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How do firms in asia (in this case, in thailand overcome market failure?
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Over the first four years of a company's life, it earned the following net income (loss):______.
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Answer:

$700

Explanation:

The computation of the average dividend amount paid is as follows:

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3 years ago
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7 0
4 years ago
Avery Co. has $1.1 million of debt, $1 million of preferred stock, and $2.2 million of common equity. What would be its weight o
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