Answer:
The correct answer is: option b, option d, option f.
Explanation:
Price control can be defined as the limit on the price set by the government. A price floor refers to the lower limit on the price of a product. A binding floor refers to the price floor which is set above the equilibrium price level.
A price ceiling refers to the upper limit fixed on the price of a product. A producer cannot charge more than this price. A binding price ceiling is fixed below the equilibrium level of the price.
The price floor of $15 on cotton is binding as it is above the equilibrium level.
The price ceiling of $1 per pond on bananas is binding as it is fixed below the equilibrium level.
The price ceiling of $5 per month on mobile phone data is binding as it fixed below the equilibrium level.
If I understand your question the answer would be Salary, but just to make sure do you have any options? your <span>Salary is the gross (not taxed) amount of money you make per pay periods. Those pay periods depend on your job but the most common would be bi- weekly and semi-monthly. </span>
Answer:
D. Market maturity
Explanation:
Over the past several years, like other auto manufacturers, General Motors (GM) has introduced many new models of sport utility vehicles (SUVs) in all of its major divisions. This proliferation of SUVs and an increase in gasoline prices have caused sales to level off. In response, General Motors offered rebates of up to $5,000, or no-interest financing, on selected models of SUVs. The largest rebates went to current owners of GM vehicles, so that they would replace their current vehicles with a GM model instead of switching to another brand. The rebates have been heavily advertised on national television. Profit margins per vehicle have shrunk as a result of these costly promotions.
General Motors is currently operating in the Market maturity stage of production life cycle.
Answer:
The correct answer is the option A: a small elasticity of demand.
Explanation:
To begin with, the concept known as<em> "price elasticity of demand"</em> refers to the relationship that shows how much the quantity demanded of a product will change when the price of it changes. And therefore that it indicates the variation that exists between the price and the quantity demanded for the product.
Secondly, when it comes to products that are highly essential to life, like water, the price elasticity of its demand will be inelastic or what is the same as small elastic due to the fact that it does not matter how much the price changes, the amount demanded by the consumers will stay due to the fact that the product is highly needed in their lives.