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4 years ago

A binding price ceiling...

Business

1 answer:

vovikov84 [41]4 years ago

5 0

Answer:

d) (ii) and (iv) only

Explanation:

A price ceiling is usually set by the government or an agency of the government. A price ceiling limits how high producers can sell their product. It sets the maximum price that can be charged for a good or service.

For a price ceiling to be effective, price has to be set below equilibrium price.

Because price is less than equilibrium price, the profits of producers would fall and producers would reduce supply. This would lead to an excess of demand over supply. This is known as a shortage.

I hope my answer helps you

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solmaris [256]

Answer:

hii there

The correct answer is option ( A )

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Step 2: Clarify the Problem.

Step 3: Define the Goals.

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Explanation:

Hope it helps

have a nice day

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3 years ago

Watchdog over spending of funds

Minchanka [31]

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4 years ago

If you decide to buy one of these TVs, what statistic is most relevant, other than the measures of central tendency? Choose t

kupik [55]

Answer:

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Explanation:

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hence, the correct option is A.

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3 years ago

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Answer:

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