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
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.

You might be interested in
In 1903, for the first time in u.s. history, congress passed a law declaring that a person holding a specific political viewpoin
mojhsa [17]

In 1903, the congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation, these were the <u>anarchists</u>.

<h3>Who are the anarchists?</h3>

These are group of people that holds the theory that is skeptical of the justification of authority and power, they pursues that cluster of doctrines and attitudes centered on the belief that government is both harmful and unnecessary.

The first person to be call an anarchist was the French writer called Pierre-Joseph Proudhon. In his study, he argued that the real laws of society have nothing to do with authority but rather stem from the nature of society itself and he foresaw the eventual dissolution of authority and the emergence of a natural social order.

Read more about anarchists

brainly.com/question/843610

#SPJ1

6 0
2 years ago
If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the po
scZoUnD [109]

Answer:

Decrease in efficiency/ increase in equality

Explanation:

This policy is aimed at increasing equality since the difference in the after tax income between the wealthy and the poor would narrow, which implies in a more economically equal economy. However, the increase in taxes reduces the incentives for the wealthy to increase production and could scare away possible foreign investors looking for more tax-friendly opportunities, therefore, those measures decrease efficiency.

5 0
3 years ago
All of the following are reasons why firms use international strategic alliances EXCEPT:
klio [65]

Answer:

d. strategic alliances are easy to manage.

Explanation:

International strategic alliance is when companies located in different countries come together to form an alliance with the aim of achieving a specific goal.

When companies come together to form an international strategic alliance, the companies involved still remain a separate legal entity.

One of the disadvantages of an international strategic alliance is that they are difficult to manage. One of the reasons why this is so is because of different organisational cultures. The companies forming an alliance might have different organisational cultures.

The advantages of an international strategic alliance includes:

a. Alliances facilitate the development of new capabilities. 

b. It increases access to new competencies particularly those related to technology. 

c. Companies can share risks and resources.

8 0
3 years ago
WholeGrain One is a cereal that is marketed as a healthy breakfast item for children because it is made with whole grains and ha
horsena [70]

Answer: greenwashing

Explanation:

The above scenario in the question refers to greenwashing. Greenwashing is when a misleading information is been conveyed by a company regarding their products.

It is when customers are deceived into believing that their products are environmental friendly. In this case, customers are tricked into believing that the cereal is healthy when in fact it contains high sugar content.

8 0
3 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
Greeley [361]

Solution:

S.NO.             Accounts title and Explanations           Debit          Credit

1                                          Cash                                 $25,000

               Accumulated Depreciation- Machine A    $63,960

                               Gain on Dispose:                                            $10,400

                                      Machine A                                                $78,560

Accumulated Depreciation - Machine B                   $16,500

Loss on Disposal                                                          $10,700

                                       Machine B                                                $27,200

Note: -When the net value of the commodity disposed of is smaller than the amount paid, there is a benefit. If the worth of the book is MOT, there is a cost.

3 0
3 years ago
Other questions:
  • Bronn tells Jaime, "I really like your armor." Jaime responds, "I will sell it to you for $800." Bronn states, "Sure, and throw
    6·1 answer
  • Sheffield Corporation’s December 31, 2018 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 900
    8·1 answer
  • A strong project matrix is different from a weak matrix in that _____: a. In a strong project matrix the functional manager is s
    10·1 answer
  • A good leader will have followers who ______. a. Are willing to comply with commands b. Must be forced to comply with commands c
    7·2 answers
  • Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's again
    9·1 answer
  • Testbank Multiple Choice Question 86 Bonita Industries is constructing a building. Construction began on January 1 and was compl
    5·1 answer
  • On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest
    14·2 answers
  • What is the difference between a mortgage and a ​mortgage-backed security​? A. Mortgages are​ loans, whereas​ mortgage-backed se
    12·1 answer
  • By the end of this year you would be 35 years old and you want to plan for your retirement. You wish to retire at the age of 65
    10·1 answer
  • Orlando’s business wants to enact an affirrimative action plan which of the following would not be a part of the process
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!