1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
2 years ago
12

If the government imposes a price ceiling of $90, does a shortage or surplus (or neither) develop?what are the price, quantity s

upplied, quantitydemanded, and size of the shortage or surplus?
Business
1 answer:
Norma-Jean [14]2 years ago
5 0
Price ceilings are the highest price that the establishment could sell their products for. In this item, it is given that the maximum price that the establishment could impose is only $90. Price ceilings are developed and are being implemented in order to limit the power of the sellers over products that are very much in demand to the users. 

Hence, for this item, the price will have a maximum value of $90, the quantity supplied are relatively lower while the demand grows more and more. Moreover, shortage of the product will happen due to the increased demands. 
You might be interested in
________ are special incentives or excitement-building programs that encourage consumers to purchase a particular product, often
Ahat [919]

Answer: Sales promotion

Explanation: Sales promotion are special sales program used to draw customers to a particular product by applying price cuts for a particular period. Sales promotion are used simultaneously with adverts to pull customers to their product.

6 0
3 years ago
All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq
Gennadij [26K]

Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system

Explanation:

The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.

In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.

Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.

6 0
2 years ago
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The
krek1111 [17]

Answer:

The loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

Explanation:

By using the given information which is mentioned in the question, first we have to calculate the book value of equipment.

So, the book value of the equipment is equals to

= Cost price - accumulated depreciation

= $120,000 - $66,000

= $54,000

Now we can calculate the loss or gain on sale of equipment which is equals to

= Sale price - book value

= $45,000 - $54,000

= - $9,000

Since, the amount shows negative which means the company has suffered a loss of $9,000 on equipment

The other things like net income of 2017 and 2018 is irrelevant because it tells the net income of overall company not for equipment. So, it is not being considered while computation

Hence,  the loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

7 0
3 years ago
A(n) ____ might be represented with a single-valued attribute. Group of answer choices person’s phone number(s) person's driver'
kolezko [41]

Answer:

person's driver's license number

Explanation:

A single valued attribute means that a person or a thing can only have a single value for that attribute, for example, you can have only one social security number since having more than one is illegal.

Following the same logic, you could only have one driver's license number, since you can only have one license.

But you can have more than one cellphone, you can also have more than one car, and finally you may have attended more than one college.

4 0
3 years ago
Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was c
Vera_Pavlovna [14]

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

  • Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

Learn more about Groupthink from

brainly.com/question/10206116

5 0
2 years ago
Other questions:
  • Which is NOT a crucial question about target markets? Select one:
    9·1 answer
  • Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere
    6·1 answer
  • In recent years, the Federal government’s top three uses of funds were approximately _____ % for income security and pensions, _
    13·1 answer
  • Quantitatively, how important is international trade to the United States relative to the importance of trade to other nations?
    6·1 answer
  • An inexperienced accountant for Riverbed Corp showed the following in the income statement: income before income taxes $258,000
    13·1 answer
  • What advanced techniques are used in nail services today?
    13·1 answer
  • A restaurant is a workplace for someone whose career specialty is in
    13·1 answer
  • Select all that apply.
    10·2 answers
  • How can zoning laws be beneficial to a city’s residents?
    15·1 answer
  • Where do you report a stolen credit card to efta standards or pci standards
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!