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iogann1982 [59]
3 years ago
11

Setting a price ceiling below the equilibrium price can result in:

Business
1 answer:
lana [24]3 years ago
4 0

Answer:

The correct answer is option a.

Explanation:

A price ceiling is an upper limit on the price that could be charged for a product. It is generally imposed to protect consumers and to make necessary items affordable for the people.  

A price ceiling below the equilibrium price is called a binding price ceiling. It creates a shortage in the market as at lower prices the consumers will demand more of a commodity but the suppliers will supply less.  

Because of the law of demand and law of supply, the quantity demanded will be greater than the quantity supplied at a price that is fixed below the equilibrium price.

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What is an example of secondary data?
Veronika [31]

Answer:

Option B

Explanation:

The answer is Option B "an interview." Secondary data is data coming from someone else who isn't the researcher a good example of secondary data would be a interview. A interview the researcher is asking a person for data on the subject and they give their point of view/opinion on it.

Hope this helps.

3 0
3 years ago
Prepare a three column cash book from de following information
Irina18 [472]
I did it on excel I’m going to show you what I have. If you can’t see it properly zoom in.
3 0
2 years ago
Muldoon Advertising has an opening balance in its supplies account of $2,400 and purchases $3,000 of supplies during the year. A
Sidana [21]

Answer:

A) Dr Supplies Expense $2,600

Cr Supplies $ 2,600

Explanation:

The supplies account had an opening balance of $ 2400. Purchases were made of $ 3000 so the total debit balance was $ 5400. The year end showed a debit balance of $ 2800.

So  $ 5400- $ 2800= $ 2600 Supplies were used and credited .

An expense account would be used to show this so

Supplies Expense is debited with $ 2600 and

Supplies Account is credited with $ 2600 showing a net debit balance of $ 2800 at the end of the year.

4 0
2 years ago
Demand is forecast for the next five months as 200, 300, 500, 300, 200. If the production planner decides to adopt a level strat
Eduardwww [97]

Answer:

The quantities of products that should be produced each month are:

300, 300, 300, 300, and 300 respectively.

Explanation:

a) Data and Calculations:

Production Scheduling Based on Level Strategy:

                                  Month 1  Month 2  Month 3  Month 4  Month 5  Total

Beginning Inventory         0         100         100           -100        -100             0

Production                    300        300         300           300        300      1,500

Forecast Demand        200        300         500           300       200       1,500

Ending Inventory          100         100         -100          -100            0              0

b) The implication is that the firm will be running in shortage for two months within the five months period.  This is not ideal to meet customers' demands.  It appears very costly with the holding and shortage costs throughout the period.

4 0
3 years ago
How hates fake friends if u do than friend me
tatyana61 [14]

Answer:

I have had too many fake friends to be okay with them

Explanation:

7 0
2 years ago
Read 2 more answers
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