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Katen [24]
3 years ago
14

As illustrated here, a binding price ceiling causes a short-run shortage, which then worsens into a long-run shortage. what, in

this particular scenario, happens to the black-market price between the short run and the long run?

Business
1 answer:
Alex Ar [27]3 years ago
8 0

Answer:

the black market price stays more or less the same in the long run as in the short run.

Explanation:

The black market price may increase or decrease depending on the price elasticity of the goods or services involved, there is no general economic rule that defines how black market equilibrium price reacts to changes in the supply and demand of legal goods and services.

In this specific case, both the demand elasticity and the supply elasticity are elastic, so they basically cancel out or offset each other. The black market supply will decrease the shortage, but it will not be able to satisfy the new quantity demanded completely. Black market apartments have a greater elasticity (steeper curves).

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Leto [7]
The partial year of service is from Januarry to May.

Thus, using straight line mathod, the <span>depreciation expense on the equipment for the year is given by:

\frac{5}{12} \left( \frac{90,000}{3} \right)= \frac{5}{12} (30,000)=\$12,500</span>
8 0
3 years ago
Halpert Hardware Pros, an American retail store, buys most of its inventory from Asian countries. Halpert Hardware Pros would be
Naddika [18.5K]

Answer: rose

Explanation: In the given case, Halpert hardware imports from asian countries,that is, they are on the buying side of the transaction. Therefore, if the value of dollar rises in relation to the currencies of countries from which halpert buys than they will be able to purchase more quantity with the same amount of dollars.

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3 years ago
One form of online vandalism is __________, in which individuals interfere with or disrupt systems to protest the operations, po
Andrew [12]

Answer:

Hacktivist

Explanation:

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And one of the main issue which motivated the hackticism or hacking, which is usually used in order to draw the attention for the political cause. The hacktivism could involve the electronic graffiti which vandalises the web pages or the websites of the business or person.

4 0
4 years ago
Accounting for pensions receives more attention in the United States (US) than in other countries. Discuss reasons that would ex
PtichkaEL [24]

Answer:

I. Lack of a proper pension system

II. Corruption

III. Lack of interest.

Explanation:

I. Lack of a proper pension system: Some countries especially in the developing countries have no proper pension system which makes them not to put good attention to pension accounting

II. Corruption: This is one of the main reasons why pension accounting is given less accounting in many countries of the world, as some leaders usually wants to create room to loot the funds of the pensioners.

III. Lack of adequate interest: Some countries of the world give less focus and emphasis on the plights of pensioners which makes them not to put good effort to their issues or pension accounting.

6 0
3 years ago
g In the discussion case, Ikea's Sustainable Cotton Supply Chain, which statement accurately describes IKEA's supply chain? a. T
Ber [7]

Answer:

The long and complex chain involved farming, ginning, spinning, weaving, and stitching.

Explanation:

Base on the scenario been described in the question, the statement that best or accurately describes IKEA's supply chain is the long and complex chain involved farming, ginning, spinning, weaving, and stitching.

7 0
4 years ago
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