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
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.

You might be interested in
Type the correct answer in the box. Spell all words correctly. What factor reflects the ‘cost of money’? The ‘cost of money’ is
Serga [27]

1) Production Opportunities

2) Time Preferences for Consumption

3) Risk

4) Inflation

Explanation:

These are the factor reflects the ‘cost of money. The cost of the borrowing is the rate of interest paid by the lender to the creditor by the supply and demand of the assets.

1) Production Opportunities  : Investment Opportunities to produce competitive (cash) assets.

2) Time Preferences for Consumption  : Present market choice rather than potential demand savings.

3) Risk  : The probability of a small or unfavourable return on an investment.

4) Inflation  : The price will growing over time.

6 0
3 years ago
Which of the following best addresses the economic question For whom to produce?
Nonamiya [84]

Answer:

D. InFocus conducts focus groups to determine its target market.

Explanation:

Just took the test!

3 0
3 years ago
Granite works maintains a debt-equity ratio of .65 and has a tax rate of 21 percent. the pretax cost of debt is 9.8 percent. the
siniylev [52]
<span>9.20 percent

Re= 0.036 +1.2(0.085) = 0.138
Re= [($1.10 x 1.02)$19] +.02 = 0.0790526

ReAverage = (0.138 + 0.0790526)/2 = 0.108526

WACC = (1/1.65)(0.108526) + (0.65/1.65)(0.098)(1-0.32) = 9.20 percent</span>
4 0
3 years ago
Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom
vodka [1.7K]

Answer:

Their average hourly productivity as a team for chicken breasts will be

45.

Explanation:

Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.

Mike debones 30 chicken breasts,

Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work

So, Tom allows Mike to debone only 60 chicken breasts per hour.

Now its mentioned that both Tom and Mike had worked 40hrs per week.

So, their average hourly productivity as a team will be:

                 frac\ {{30} +{60}} {2}

                    ⇒ 45

So, their average hourly productivity as a team for chicken breasts will be 45.

7 0
3 years ago
1. Production in insurance refers to the policies they produce: * True or False?
frosja888 [35]

Answer:

false

Explanation:

8 0
2 years ago
Other questions:
  • cathy's customer base is 2/3 residential and 1/3 business . if she has 350 residential customers, how many total customers does
    5·1 answer
  • The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
    8·1 answer
  • Patton Company purchased $400,000 of 10% bonds of Scott Co. on January 1, 2011, paying $376,100. The bonds mature January 1, 202
    7·1 answer
  • Keyboarding or typing 100 words per minute can be thought of as a?
    8·2 answers
  • A company enters into a short futures contract to sell 25,000 units of a commodity for 950 cents per unit. The initial margin is
    11·1 answer
  • Complete the following table by selecting the term that matches each definition on the left.
    9·1 answer
  • What does respecting people’s privacy mean?<br> Which factor is a component of verbal communication?
    9·1 answer
  • Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
    8·1 answer
  • CULLUMBER COMPANY
    15·1 answer
  • On the far right side of the AS curve, the economy is producing ________ potential, and on the far left of the curve, it is prod
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!