Answer:
A. The quantity demanded for bread will decrease , quantity supplied will increase
Explanation:
PRICE FLOOR is the minimum mandated price set by government , usually above equilibrium price , to ensure producers' protection (if market price is perceived to be low) . EG : Minimum Support Price for agricultural products to protect farmers .
However at this raised price : There is Excess Supply , as Quantity Supplied increases with price increase (law of supply - price & supply direct relationship) , Quantity Demanded falls (law of demand - price & demand inverse relationship)
<span>From the monopolist points of view the benefits are, holding 100% of the market, the ability to have a great influence on price and of course, no competition.
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Answer:
The correct option is d.
Explanation:
It is given that $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet.
Material to the income statement = $15,000
Material to the balance sheet = $25000
The auditor should set overall materiality according to the income statement.
The auditor should set overall materiality at $15,000.
Therefore the correct option is d.
Answer:
The correct answer is D
Explanation:
Corporate strategy is the kind of strategy which plan to select as well as develop the specific markets in which to compete when improving the divisions as well as units of the business.
This strategy involve 2 components, which are moving to new industries and diversification, which states expanding the area of the market.
So, the corporate strategy is the one which determine the boundaries of the business in 3 dimensions like geographic scope, diversification and vertical integration.
