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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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By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods

Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

Quotas limits placed on the quantity of goods leaving a country.

Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

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3 years ago

When evaluating the performance of equity mutual funds, the conventional benchmark today is a four-factor model that includes th

Cloud [144]

Explanation:

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2 years ago

On March 1, 2021, Beldon Corporation purchased land as a factory site for $64,000. An old building on the property was demolishe

Fofino [41]

Answer:

$638,000

Explanation:

The answer is simply the expenditure minus any selling from salvages.

First total Expenses(cost for land + cost for building) are as follow;

Land purchase: 64,000

Demolition: 6,000

Architect’s fees: 16,000

Legal fees for title investigation of land 4,000

Property taxes on land 3,400

Construction costs 540,000

Interest on construction loan 7,000.

.........................................................................

Total expenses = 64,000 +6,000+16,000+ 4,000+3,400+ 540,000 +7,000 = 640,400

Salvage sales = 2,400

Net Capital Cost = Total expenses - Salvage sales = $638,000

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3 years ago

Limited decision making is used when purchasing frequently bought, low-cost items needing very little decision effort.

Kay [80]

Answer:

True

Explanation:

Routinized response behavior is the decision making process used by consumers when they buy frequently purchased, low cost items that require very little search and decision effort.

Convenience goods are low cost goods that are purchased frequently with very little search and decision effort, e.g. candy, cold drinks, etc.

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4 years ago

When assigning employees to an important new advertising client account, you make sure that the team has members with many types

sergiy2304 [10]

Answer:

It is an example of variety diversity

Explanation:

Variety diversity is the term which is defined as the team that involves or comprise of the marketing professional, specialist, head of advertising department, legal expert and advertising professional.

In this case, when the employees assigned important advertising account, then they make sure that the team comprise of different kind of expertise which could help in generating the creative ideas. Therefore, it is example of variety diversity.

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4 years ago