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bija089 [108]
3 years ago
14

A consequence of either a price ceiling or a price floor is

Business
1 answer:
MrMuchimi3 years ago
6 0
<span>Price ceilings prevent a price from rising above a certain level.When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.Price floors prevent a price from falling below a certain level.When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.When government laws regulate prices instead of letting market forces determine prices, it is known as price control.</span>
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The correct answer is C)Opening the mail and recording entries in the sales journal.

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It is the correct answer because both activities can be done sitting on the desk, using the same computer. All the other answers refer to activity pairs that would require physical activity, and this would reduce efficiency. For example, making journal records and delivering inventory are extremely disjointed activities, it is like being an accountant and a delivery person at the same job.

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2 years ago
Read 2 more answers
Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is
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the market quantity supplied is less than 250 scoops when the price is $2 per scoop

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When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245

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