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Zarrin [17]
3 years ago
6

A price ceiling is binding when it is set

Business
2 answers:
Zielflug [23.3K]3 years ago
8 0
B.below the equilibrium price, causing a surplus
zloy xaker [14]3 years ago
3 0

Answer:

below equilibrium price, causing a shortage.

Explanation:

In market economies, the equilibrium price of goods and services is determined through the interaction between supply and demand. The price ceiling is a form of competitive market intervention in which the government sets a maximum price below the equilibrium price. Thus, producers tend to decrease their supply for the product as the profit perspective decreases. As a result, product shortages may occur. For example, if the equilibrium price of the sack of corn is $ 20 if the government sets a price ceiling of $ 15, corn growers can only sell it for $ 15. As a result, corn production and supply tend to decrease.

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My answered be 20,000
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sveticcg [70]
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The __________ method provides an alternative approach for allocating factory overhead that uses multiple factory overhead rates
Karo-lina-s [1.5K]

The plantwide allocation is a method, which involves the alternatives to the approach for the allocation of factory overheads, and also uses factory overheads based on different activities.

<h3>What is plantwide allocation?</h3>

The plantwide allocation rate is a method that uses an approach to compile all the required overhead costs of a business, and thus also involves application of one rate for one activity in an organization.

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4 0
1 year ago
Which fiduciary act requires that an agent act in good faith and obey the principal's directions as outlined in the contract?
omeli [17]

Answer

Obedience

Explanation:

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In the given question it is given that agent act in good faith and obey the principles direction this is a obedience fiduciary act because in this can everyone have to be obey to the principles.  

7 0
2 years ago
Abroad Standard, Inc. (ASI) Abroad Standard, Inc. (ASI), sells its products through the Internet. Erica is one of the biggest bu
UkoKoshka [18]

Answer:

D. customer service

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