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4 years ago

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

Business

1 answer:

lana [24]4 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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If you have employees you’ll have to pay the ____ tax which is used to pay compensation to workers who lose their jobs

Olenka [21]

Answer:

B. FUTA will be the correct answer which means Federal Unemployment Tax Act.

Explanation:

If your google the meaning of FUTA it will bring up the meaning

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3 years ago

Read 2 more answers

The determination of the size of a sales force is usually done via some estimation of expected ___________

UkoKoshka [18]

Answer:

workload

Explanation: had the same quiz not a long time ago

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3 years ago

_______________ is the primary source of financial vulnerability for people in late adulthood

mixer [17]

The primary source of financial vulnerability for people in late adulthood is their reliance on fixed income that they receive. Because of their reliance to their fixed income, financial vulnerability could only occur as they don't try to open more options and suggestions into having more financial income that could support their financial needs.

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3 years ago

The practice of subcontracting work to other people or companies is called

MAXImum [283]

The practice of subcontracting work to other people or companies is called outsourcing. Many companies will outsource work if they can have it completed for cheaper, better quality and/or at a faster rate. Outsourcing within the home country and out of the home country has become extremely popular over the years.

5 0

3 years ago

Elinore is asked to invest $ 4 comma 900 in a friend's business with the promise that the friend will repay $ 5 comma 390 in on

Mandarinka [93]

Answer:

0.09 or 9%

Explanation:

This question has some irregularities. The correct question should be :

Elinore is asked to invest $4,900 in a friend's business with the promise that the friend will repay $5,390 in one year's time. Elinore finds her best alternative to this investment, with similar risk, is one that will pay her $ 5,341 in one year's time. U.S. securities of similar term offer a rate of return of 7%. What is the opportunity cost of capital in this case?

Solution

Given from the question

Investment (I) = $4,900

Return on investment (ROI) in one year = $5,341

Rate or opportunity cost of capital r is given by

ROI = I × (1 + r)

input the given data

$5,341 = $4,900 (1 + r)

$5,341 = $4,900 + $4,900r

$5,341 - $4,900 = $4,900r

r = ($5,341 - $4,900) / $4,900

r = 0.09

Or 9% in percentage

6 0

3 years ago