A price ceilingâ is:________

Business

1 answer:

GenaCL600 [577]3 years ago

7 0

Answer:

B A maximum price that sellers may charge for a good, usually set by government.

Explanation:

Price ceiling is a act of consumer protection taken by government to ensure that customers are not charged excessive for any product. Usually the price ceiling is set for basic necessity items which are used in day to day use of consumers.

You might be interested in

A writer, an illustrator, a publisher, and an agent would form a

svlad2 [7]

A cross-functional team

6 0

3 years ago

If the FOMC orders the open market desk to sell government securities,

Delicious77 [7]

Answer: Option(a) is correct.

Explanation:

FOMC (Fed open market committee) is monetary policy making body of United states who implements various money supply related policy.

Here, FOMC orders the open market desk to sell government securities, which lowers the money supply and increases the interest rate.

Fed use this monetary policy instrument to control the money supply in the economy.

This effect also shown in a diagram.

In the IS-LM diagram, it was shown that there is a shift in the LM curve leftwards due to decrease in the money supply. So, this decrease in the money supply raises the interest rate from i to i' and decreases output from Y to Y'.

5 0

3 years ago

Scanner data are used in quantitative research obtained from scanner readings of Universal Product Code (UPC) labels at checkout

Margaret [11]

Answer:

The correct answer is IRI or Nielsen.

Explanation:

Nielsen is a global leader in measuring what consumers see and buy, and we have developed standards for measurement in all areas in which we work, measuring the purchases and consumption of almost 10 million consumers worldwide. We have panels, databases, methodologies and technology that support our measurements; These are the key tools we use to know the pulse of consumers around the world.

8 0

4 years ago

A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying 12% compounded quarterly at

Reptile [31]

Answer:

P=24.92 per quarter

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

$s_{n} =P*\frac{(1+i)^{n}-1 }{i}$

where $s_{n}$ is the future value of the annuity, $i$ is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have: