Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.
However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.
For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.
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Answer: A.Freight in
B.purchase return and allowance
C.purchase
D.sales discount
Explanation: A.Freight in the transportation cost associated with the delivery of a goods from the supplier to the receiving end.
B.purchase return and allowance. This occurs when a purchaser and inventory back to the seller.
C.purchase. This is the good and services bought by a company.
D.sales discount. A sales discount is usually offer for prompt payment. Is an incentive sellers offer for early payment.
Creative destruction is the creation of new products and production methods that completely destroy the market positions of firms wedded to existing products and older ways of doing business.
Creative destruction is the constant process and product innovation mechanism through which new production models replace obsolete ones. This restructuring process pervades the main features of macroeconomic performance, including lengthy growth and changes in the economy, structural adjustment, and factor market functioning.
Over time, the practice of creative destruction is responsible for more than half of all productivity growth. Restructuring typically decreases during recessions at business cycle frequency, adding a massive expense to downturns. Obstacles to the creative destruction process can have serious long- and short-term macroeconomic consequences.
To learn more about creative destruction: brainly.com/question/15718116
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Answer:
False
Explanation:
Farm cooperatives remain by far the most important food source in the world, both for direct human consumption and, indirectly, for livestock production inputs.
Since the mid-sixties, the world has managed to increase cereal production by almost one billion tons.
The business has expanded in recent decades, becoming a very prosperous industry.
Answer:
$17,863.11
Explanation:
The carrying amount or net book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation. When an asset is disposed, this carrying amount has to be derecognized and the proceed from the sale recognized. The difference between these two amounts is the gain/loss on disposal.
When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.
Carrying amount = $274,817.00 - $261,076.15.
= $13,740.85
Gain/(loss) on disposal
= $31,603.96 - $13,740.85
= $17,863.11