1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o
PSYCHO15rus [73]

Answer:

The correct answer is stockkeeping unit.

Explanation:

In the field of inventory management, an inventory maintenance unit or SKU refers to a specific item stored in a certain place. The SKU is considered the most disaggregated level when talking about inventory. It is assumed that the units stored in the same SKU are indistinguishable. The introduction of the SKU concept simplifies most inventory control operations. SKUs are sometimes used to designate intangible items, as guarantees; however, in this article we will focus on SKUs that designate tangible items.

8 0
3 years ago
On February 1, 2020, Hawser Corporation purchased a parcel of land as a factory site for $960,000. An old building on the proper
Zolol [24]

Answer:

Cost of land = $1,005,000

Cost of building = $4,275,000

Explanation:

The calculation of cost of the land and new building is shown below:-

Cost of land = Purchase cost + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials

= $960,000 + $ 60,000 + 15,000 - $30,000

= $1,005,000

Cost of building = Architects Fees + Construction costs

= $105,000 + $4,170,000

= $4,275,000

5 0
3 years ago
Follow meeeeee if girl
Dmitry_Shevchenko [17]
Heyyyyyy thanks for the points, have a nice day/night wtv :)
6 0
3 years ago
Read 2 more answers
A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
Dominik [7]

Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

The hypothesis is:

Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200

= -2.56

Using this z value as the test statistic, perform a two-tailed test to show:

= P( Z < -2.56) + P(Z > 2.56)

= 0.0052 + 0.0052

= 0.0104

The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

Find out more on the null and alternate hypothesis at brainly.com/question/25263462

#SPJ1

8 0
2 years ago
Samir, the new CEO of Cloud Marketing, has been with the firm for over 25 years. He was picked by the board to turn the 85-year-
IRISSAK [1]

Answer:

A. embedding organizational culture

Explanation:

4 0
2 years ago
Other questions:
  • A produce distributor uses 773 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann
    15·1 answer
  • Genevieve is a member of the board of directors and the chief financial officer of The Shoe Fits, Inc. Under the duty of care sh
    12·1 answer
  • Which of the following exemplifies a benefit of good​ communication?
    5·1 answer
  • The difference between price elasticity of demand and income elasticity of demand is that A. income elasticity measures the resp
    5·1 answer
  • "1. When a T-shirt manufacturer states, ""We sell it only in black because that way we can buy plenty of black fabric and run ou
    7·2 answers
  • _______is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost o
    13·1 answer
  • Why is price competition more of a factor in internet sales than other forms of retail?​
    9·1 answer
  • Jerry and Ann paid the following amounts during the current year: Interest on automobile loan $1,500 Interest on bank loan (proc
    7·1 answer
  • If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
    15·1 answer
  • what key environmental changes do you think will increasingly force managers to be proficient at conducting environmental analys
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!