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WARRIOR [948]
1 year ago
13

How does a price floor set above the equilibrium price affect quantity demanded and quantity supplied?

Business
1 answer:
irakobra [83]1 year ago
5 0

When the price floor is set above the equilibrium price, the quantity supplied exceeds the quantity demanded, creating an oversupply or surplus. When government laws regulate prices instead of letting market forces set prices, this is the equilibrium price affect quantity demanded and quantity supplied.

If demand does not change, there is an inverse relationship between supply and price of goods and services. When the supply of goods and services increases at the same demand, prices tend to fall resulting in lower equilibrium prices and higher equilibrium quantities of goods and services.

Setting the price cap below the equilibrium price causes demand to exceed supply, resulting in overdemand or shortage. A floor price prevents the price from falling below a certain level.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

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Answer:

The remaining part of the question:

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C. The IAR must notify the client of the payment arrangement with the executing broker

D. The IAR must notify RIA of the payment arrangement with the executing broker

<u>Correct Answer:</u>

<u>C. The IAR must notify the client of the payment arrangement with the executing broker .</u>

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Explanation:

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3 years ago
In which language category does C++ belong?
Ivenika [448]
Programming Language Category.
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3 years ago
The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at the end of the year. The accu
Alex_Xolod [135]

Answer:

$1000

Explanation:

The cash received from the equipment sale is equals to the initial cost of the equipment which is $10,000 minus total accumulated depreciation on the equipment charged till date.

Total accumulated depreciation on the equipment=Opening balance of accumulated depreciation+depreciation charge for the year-closing balance of accumulated depreciation

Total accumulated depreciation on the equipment=$22,000+$4,000-$17,000

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cash proceeds=$10,000-$9,000=$1000

5 0
3 years ago
katie has $20.She buys 3 packages of markers for 4 dollars how much is left write this in Numerical Expressions
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Here is how to solve this:

$20 - $4= $16 = numerical expression.


Hope this helped!


3 0
3 years ago
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Flat organisational structure is an organisational standard with relatively rare or no levels of middle management between the executives and the frontline workers. Its goal is to have as little scale as possible.

<h3>Characteristics of flat organizational structure</h3>
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  • Strong emphasis on teams and cooperation.
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<h3>Which company has flat organizational structure?</h3>

Nike's flat structure, also understood as a matrix structure, consists of several divisions divided into subsidiaries: Converse, Hurley and others, which all lead to Nike's global headquarters.

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1 year ago
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