Answer:
The correct answer is: demand curve; option C.
Explanation:
A price floor is the lowest limit fixed on the price of a product. It is imposed by the government to protect the producers.
A binding price floor is fixed above the equilibrium market price. It is a horizontal line above the equilibrium price.
The consumers are willing to purchase the quantity where the price floor intersects the demand curve.
There is an excess supply as firms supply more at a higher price while the consumers demand less.
Since there is a difference between the equilibrium price and what the consumers are willing to pay, there exists a deadweight loss. This deadweight loss is the triangular area below the demand curve and above the supply curve between equilibrium quantity and price floor quantity.
The answer is C report the symptom to her manager
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $7,800
Photography equipment A/c Dr $34,800
To Common stock A/c $42,600
(Being common stock is issued for cash and photography equipment )
2. Prepaid insurance A/c Dr $3,400
To Cash A/c $3,400
(Being prepaid insurance is recorded)
3. Office supplies A/c Dr $1,010
To Cash A/c $1,010
(Being office supplies are purchased for cash)
4. Cash A/c Dr $4,631
To Photography fees earned A/c $4,631
(Being cash is received)
5. Utilities A/c Dr $805
To Cash A/c $805
(Being utilities are paid in cash)
Most Americans earn their income by selling the services of the factor of production labor. the income they earn is called wage.
<h3>What is labor?</h3>
Labor is one of the four factors of production. Labor is the effort that people exert when they produce goods and services. The reward for labor is wages. Wages includes all compensation paid to labor for partaking in the production process.
To learn more about labor, please check: brainly.com/question/12342608
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