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frosja888 [35]
3 years ago
8

15Question(1 point) 1st attempt What will happen in a market where a nonbinding price floor is removed? Choose one:

Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

A. The price or quantity of the product sold on the legal market will not change.

Explanation:

Non-binding price floors are price floors that are set at lower points that the actual market value, so removing it will have little to no effect on the actual market because it wasn´t being taken into account from the start, price floors are set to ensure that a certain product does not go lower than a certain price to control prices, if the price in the market is between the floor and ceiling price nothing will happen if the price floor is removed.

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Precise Machinery is analyzing a proposed project. The company expects to sell 7,500 units, ±10 percent. The expected variable c
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Answer:

$2,703,940

Explanation:

Calculation for the operating cash flow based on this analysis

Particulars Amount

Sales amount 6,375,000

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3 years ago
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3 years ago
Which of the following material events occurring subsequent to the December 31, Year 1, balance sheet date will not ordinarily r
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Answer:

<em>Acquisition of a subsidiary on January 23, Year 2. Negotiations had begun in December of Year 1.</em>

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3 0
3 years ago
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