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4 years ago

A price ceiling creates a shortage when it is set

Business

1 answer:

Setler [38]4 years ago

7 0

Answer:

D. lower than the equilibrium price.

Explanation:

Markets are at equilibrium where demand = supply & demand, supply curves intersect.

Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.

This artificially reduced price creates excess demand or shortage (less supply), because at the lower price - demand is more but supply is less.

For more , refer : brainly.com/question/14580944#

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Your corporation has a marginal tax rate of 35% and has purchased preferred stock in another company. The before-tax dividend yi

Leni [432]

Answer:

5.37%

Explanation:

According to the scenario, computation of the given data are as follow:-

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3 years ago

Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an

Elenna [48]

Answer:

The profit for an investor who has $500,000 available to conduct locational arbitrage is $1,639.

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3 years ago

You put $209 into an investment at 7% for four years. What will the balance be at the end of four years?

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Answer:

$273.96

Explanation:

The balance will be the future value of $209, at 7% for four years.

The formula for calculating the future value is as below.

FV = PV × (1+r)^n

Where PV is the present value, $209

r= is the interest rate 7% or 0.07

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FV = $209 x ( 1+ 0.07) ^4

Fv =$209 x 1. 310

Fv = 273.9563

Fv= 273.96

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3 years ago