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Julli [10]
3 years ago
10

If the government removes a binding price ceiling from a market, then the price received by sellers will a. decrease, and the qu

antity sold in the market will decrease. b. decrease, and the quantity sold in the market will increase. c. increase, and the quantity sold in the market will decrease. d. increase, and the quantity sold in the market will increase.
Business
1 answer:
d1i1m1o1n [39]3 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

A price ceiling is binding when it is fixed below the equilibrium price. In this case, the quantity demanded is greater than quantity supplied. This creates a shortage in the market.  

If the government removes a binding price ceiling from a market, then the price will increase. At a higher price, the producers will supply more, while the quantity demanded will decrease. The overall quantity sold in the market will increase.

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The growth, stability, and defensive strategies are ____.
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Grand strategy is the second step of the vital administration prepare; it clarifies how the association's main goal is to be proficient. Three thousand procedures are development, soundness, and cautious.
7 0
2 years ago
Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competit
larisa86 [58]

Answer: The price level  chosen to maximize profits will be $ 6.71

Explanation:

Whenever there is price fixing between two competitors, and one of the competitor decides to choose a price level. Such competitor must ensure that the price level chosen to maximize profit does not exceed his or her competitor's marginal cost but can be  above his or her marginal cost .

Since the price fixing is $10 from previous cartel price so the best price level to maximize the profit would be less than my  rival's  price of   $ 6.72 and more than my  marginal cost of $ 6.70  which is $ 6.71

8 0
3 years ago
: which statement is true about nonexempt employees? group of answer choices under the flsa, executive, professional, and admini
Kobotan [32]

The true statement that we can see about the non exempt employees is that nonexempt employees are covered by flsa and include most hourly workers.

<h3>What is meant by non exempt employees?</h3>

Employees who are not excluded from pay have a right to the minimum wage and overtime compensation if they put in more than 40 hours per week.

For each hour over 40 in a workweek, businesses are required by the FLSA to pay non-exempt workers no less than time and a half their usual wage rate. If a non-exempt worker isn't paid hourly, one can determine their hourly rate by dividing their total earnings by the number of hours they worked. When making these calculations, vacation, holidays, and sick days shouldn't be taken into account unless the person really worked on those days.

Employers shouldn't presume that just because a worker receives a pay, they can be lawfully regarded as exempt under the FLSA. Employees may be entitled to overtime compensation if they don't pass an acceptable duties test, make less than $684 per week or $35,568 per year, or have certain deductions made from their pay.

Read more on non exempt workers here: brainly.com/question/28136801

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3 0
1 year ago
Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial cris
sveta [45]

Answer:

C. Practicing effective corporate governance

Explanation:

Accounting scandals refer to the scandals of the business that occurs from the change in the financial statements that to be done in a deliberate manner also the disclosing information is misled. It involves an organization as a whole.

In order to prevent the accounting scandals and the global financial crisis it could practicing corporate governance in an effective manner

Hence, the correct option is C.

7 0
3 years ago
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $60; Sec
lys-0071 [83]

Answer:

$82

Explanation:

As company Uses FIFO system, it will sell first two products

The cost price =($60 + $67 = 127).

So Gross profit = Selling Price-Cost Price

Gross Profit = 209-127

= $82

The gross profit for the period is $82

8 0
2 years ago
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