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
After customer service representatives are trained, their phone calls are monitored to determine if the CSRs are applying the le
Grace [21]

Answer:

Behavior

Explanation:

The era has been changed most of the customer is shopping online and if they are found defective in the product, the customer always dials a customer care number by resolving their problem.  

For example a customer buys a laptop online and after a few days, customers found hanging issues. Customers will dial a customer care number of that particular brand and get helped from them.

Why the customer is found helped? The simple reason that the executive who represents the brand learns lessons and get trained for behavior and the knowledge of that product from the company. The customer looks behavior of the executive and from this, the customer builds a relationship with a brand.

On the other hand, the calls are being monitored for quality and training purposes.

8 0
3 years ago
Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____.
AysviL [449]
<span>Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. This planning falls under protecting your assets because you are taking initiative by making sure your home is protected in the event it is struck by lighting or catches on fire. The plan you develop will make sure your assets are protected and allows you to have steps in place to make sure that you do not lose everything without protection. </span>
5 0
3 years ago
Read 2 more answers
How would you sell me a computer? What would you say
jok3333 [9.3K]

Answer:

I will sell u the computer by saying that is one of the best computers in my day.

8 0
3 years ago
Does anybody know this please help !?
levacccp [35]

Answer:

11. building codes

12. Consideration

13. Consumer Protection

14. Federal Unemployment Tax Act

15.  Zoning laws

Explanation:

do you need help with 16 and 18? if you do please comment!! but hope i helped <3

6 0
3 years ago
Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa
AnnZ [28]

Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

B. the subject matter of the contract does not violate law or public policy

Explanation:D A C B 1.consideration

D A C B 2.mutal Acceptance

D A C B 3. Legality

D A C B 4. Agreement

8 0
3 years ago
Other questions:
  • What is the name of the economic system where the government regulates the prices and the supply of the goods?
    12·1 answer
  • Price discrimination requires:
    9·1 answer
  • Suppose the spot and three-month forward rates for the yen are ¥102.21 and ¥101.18, respectively.a. Is the yen expected to get s
    12·1 answer
  • To determine the consumer price index (CPI), _____. Select one: a. the values of the current market basket at current prices and
    12·1 answer
  • Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair.
    5·1 answer
  • On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
    8·1 answer
  • As a business owner you decide to hire a new employee named Maria. You decided to pay Maria $15.00 an hour for her work. At the
    13·1 answer
  • Consider consecutive processes A-B-C, where process A has a capacity of 25 units per hour, process B has a capacity of 30 units
    6·1 answer
  • Suppose there is one ticket left for tonight’s performance of Hamilton on Broadway. The ticket costs $700. Sean is a community c
    10·1 answer
  • How does work ethic assist a school leaver to become a successful business owner​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!