Answer:
above $3.00
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. A price ceiling is non binding if it set above equilibrium price. So price above $3 is non binding. A non binding price ceiling has no effect on the market price.
Price ceiling is binding if it is set below equilibrium price.
Equilibrium price is where the demand and supply curve intersects.
I hope my answer helps you
Question 2 options are;
- government
- market
- firm
- business sector
Answer:
1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.
2. government.
Explanation:
1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.
2. We note that the word 'macro' indicates large scope, while 'micro' indicates a smaller scope. And so, the difference is that microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.
Idk so you need to ask somebody else because I’m really dumb and I don’t have the answer for u
Chicago Board Options Exchange, And Continuing Medical Education. Sorry if i got them wrong you weren't that specific.
