Why do some consumers tend to favor price controls while others tend to oppose? them?

1 answer:

6 0

Price controls cap the price, but also create shortages. So some customers will be benefit because they will get the low price, but others will miss out entirely due to shortages and lose.

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A contract is ____________ if one or both of the parties have the ability to either withdraw from the contract or enforce it.

Paladinen [302]

Answer: Voidable contract.

Explanation: Voidable contract is enforceable by law at the option of one or more parties but not an option of the the other parties. A voidable contract can still be considered valid if its not cancelled by the aggrieved party within a stipulated time. A contract is said to be a voidable contract if the contract is entered into without the free consent of the party. Typical grounds for a contract being voidable include coercion , undue influence and fraud. A contract made by a minor is often voidable.

It is a valid contract which may be either affirmed or rejected at the option of one of the parties involve.

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3 years ago

The price elasticity of supply :a.is the slope of the supply curve. b.is the percentage change in quantity supplied divided by t

Luba_88 [7]

Answer:

b.is the percentage change in quantity supplied divided by the percentage change in price.

Explanation:

Price elasticity of supply measures the degree of responsiveness of quantity demanded to price. It is a ratio of the percentage change in quantity supplied to percentage change in price.

Elasticity of supply can be elastic meaning an increase in price results in increase in demand.

It can also be inelastic meaning increase in price does not lead to a reasonable increase in supply.

3 0

3 years ago

With the amount of money you received from your paycheck, ($589.69 you want to put 8% of it into your savings account. How much

lara [203]

Given:
pay = 589.69
rate = 8% of the pay into your savings account.

Simply multiply 8% to the amount of the paycheck.

589.69 x 8% = 47.18 amount to deposit to savings account

589.69 - 47.18 = 542.51 amount to take home

3 0

3 years ago

Do you agree that Business organisations have no societal responsibilities other than to earn profits for owners and to supply e

stiv31 [10]

Answer:
Answer:Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

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3 years ago

A market-penetration pricing strategy is most suitable when Answer . A) a low price slows down market growth B) production and d

Alik [6]

Answer:

B) production and distribution costs fall with accumulated production experience

Explanation:

A low price may slow down market growth. However, it cannot occur in the market penetration strategy because a market penetration strategy lowers the price to attract customers in a discouraging competitive market. Therefore, option "A" and option "E" is incorrect. As the penetration strategy offers a lower price, therefore, the higher price is nowhere near the option, so "C" is not correct. As the price is low, customers want to buy more, and it is not an inelastic demand. Therefore, the option "D" is wrong also.

As penetration strategy produces the products at a lower price, they can offer low selling prices. It can only happen due to the higher production experience. So, "B" is the right choice.

5 0

4 years ago