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Leona [35]
3 years ago
7

On which kinds of goods do governments generally place price ceilings?

History
1 answer:
natima [27]3 years ago
7 0
The correct answer is <span>those that are essential but too expensive for some consumers

These are items that everyone needs and consumes on a regular basis but that could easily become expensive if the producers wanted them to become expensive. This includes things like bread or milk because these things need to be affordable for everyone so the government can put a price ceiling and the manufacturers can't raise their prices higher than that.</span>
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The least number of pennies the jar could contain is 840.

Explanation:

The least number of pennies the jar could contain refers to the Least Common Multiple (LCM) of 3, 4, 5, 6, 7, 8.

The least common multiple (LCM) of two or more numbers refers to the smallest number that is a multiple of all the numbers (except 0).

The LCM for 3, 4, 5, 6, 7, 8 can be obtained using the LCM function in Excel by inputting =LCM(3, 4, 5, 6, 7, 8) in any cell in an excel sheet (as done in the attached excel file).

From the attached excel file, we have:

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Therefore, the least number of pennies the jar could contain is 840.

Download xlsx
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