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satela [25.4K]
3 years ago
12

Suppose the government imposes a price ceiling above the equilibrium price of a given good. d)Which of the following is the most

likely result?
a)Some other rationing device will emerge to allocate the good among buyers.

b)Some buyers and sellers will be willing to risk breaking the law in order to exchange the good at a price above the equilibrium price since there would be a shortage of the good at the price ceiling.

c)No change will occur in the market.

d) Brute force will be used to allocate the good among buyers.

e)a, b, and d
Business
1 answer:
r-ruslan [8.4K]3 years ago
5 0

Answer:

c)No change will occur in the market.  

Explanation:

A price ceiling above the equilibrium price is a non binding price ceiling and it does not affect the market. No change in supply or demand occurs.

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Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expec
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To construct the consumer price index, the bureau of labor statistics must:
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An investor owns 5,000 shares of IBM stock, $105 per share. He thinks that there is no large rise and possible drop in price. Th
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Answer:

If IBM stock price rises from $105 to $112, the profit associated with the passive strategy is $ 35,000 and the profit associated with the covered call writing strategy is $ 45,000 .

Explanation:

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