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Dmitrij [34]
3 years ago
6

Consider a market in which the government imposes a price floor. Assume that neither supply nor demand is perfectly elastic nor

perfectly inelastic. Which of the following groups will always gain from a price floor? A. The government B. Society as a whole, because total surplus will Decrease C. No group will always gain from a price floorD. Consumers
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

C. No group will always gain from a price floor

Explanation:

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The spread of the coronavirus in the U.S. has had negative effects on the U.S. economy. GDP growth rate went negative (-5.8%) in
Oksi-84 [34.3K]

Answer:

The Coronavirus pandemic took the world by surprise and most people were not ready for the far reaching quarantine measures that were put in place. These measures along with the general fear of the disease meant that Consumers were demanding less of goods and services which had the effect of shifting the Short Run Demand curve to the left.

The world also saw travel restrictions put in place which were a serious blow to international commerce because suppliers found it hard to source goods. This reduced the supply of goods and services which also meant that the Short Run Aggregate Supply Curve shifted to the left as well.

The New Equilibrium led to a way lower output at Y¹ which is shows why GDP growth fell into negative.

As a result of decreased output and quarantine measures, companies could not afford to keep their employees and had to let go of a lot of them. This is why the Unemployment rate went up as well.

3 0
3 years ago
beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of ch
zhannawk [14.2K]

The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.

<h3>What is interprofessional communication?</h3>

This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.

It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.

Read more on interprofessional communication here:

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3 0
2 years ago
Deciding on the best means of transportation depends on ____.
mr Goodwill [35]

Answer:

all of the above

Explanation:

because it needs to be affordable safe and comfortable

8 0
3 years ago
Read 2 more answers
At a pre-school gym, 52.1% of the students are girls. What is the probability that a randomly chosen student is boy?
Vadim26 [7]

impossible

Explanation:

because the girls are over populated

6 0
2 years ago
Megan's salary for three consecutive years, along with other values, are presented in the table below.Year
garik1379 [7]

Answer:

242.65

Explanation:

Data provided in the question:

year                                       2011          2012          2013

Salary                                 $65,000   $72,000    $76,000

Consumer Price Index          226           230            235

Real Interest Rate                 2.5%          2.7%           1.8%

Nominal interest rate for 2013 = 7.3%

Now,

Rate of inflation for 2013 = Nominal rate - Real rate

= 7.3% - 1.8%

= 5.5%

Therefore,

CPI in 2013 = Consumer Price Index in 2012 × (1 + inflation )

= 230 × ( 1 + 0.055 )

= 242.65

3 0
3 years ago
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