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sleet_krkn [62]
3 years ago
13

What will happen in a market where a binding price floor is removed? Group of answer choices The price or quantity of the produc

t sold in the legal market will not change. There will be upward pressure on the prices. The products sold will become scarcer. There will be downward pressure on the prices. There will be increased pressure to buy and sell the good on the black market.
Business
1 answer:
never [62]3 years ago
3 0

Answer:

The correct answer is letter "D": There will be downward pressure on the prices.

Explanation:

Price floors are the minimum legal prices that buyers are expected to pay for a product. These prices are usually set by law with the intervention of the government. In the case the price floor is removed, the price tendency is to go down since as there is no minimum price anymore, buyers could take advantage of the situation to offer less money for the same product.

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andreyandreev [35.5K]

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4 0
2 years ago
Chuck has $2,500 invested in a bank that pays 4% annually. The length of time it will take for his funds to double is closest to
Arada [10]

Answer:

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I/Y = 4; PV= -2,500; FV= 5,000; CPT N= 17.67 years.

Therefore, the number of years to accumulate to $5,000 is 17.67 years

7 0
3 years ago
What does the image say?<br><br>​Can someone unblur it?
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5 0
1 year ago
2. "Because corporations do not actually raise any funds in secondary markets, secondary markets are less important to the econo
gladu [14]

Explanation:

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