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kirza4 [7]
4 years ago
8

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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Suppose you are salesperson for a company that manufactures and sells industrial equipment. Two or three of your key accounts pe
algol13

Answer:

d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.

Explanation:

The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.

5 0
3 years ago
Accounts payable: Select one: a. Are amounts owed to suppliers for products and/or services purchased on credit. b. Are long-ter
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Answer:

The correct answer is letter "A":  Are amounts owed to suppliers for products and/or services purchased on credit.

Explanation:

Accounts Payable is the amount of the total invoices currently awaiting payment by the company. These invoices are from suppliers of products and services that have recently been delivered. They are usually due within 15, 30 or 45 days after receiving the invoice from the vendor.

6 0
3 years ago
Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment wh
Mnenie [13.5K]

Answer:

3 years

Explanation:

Since the income tax is ignored, so the operating cash flows would be

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= $105,000 + $45,000 - $0

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So, the payback period would be

= Initial investment ÷ Net cash flows

= $450,000 ÷ $150,000

= 3 years

4 0
3 years ago
Taylor's Hardware offers credit at an APR of 14.9 percent and compounds interest monthly. What actual rate of interest are they
zaharov [31]
Correct answer is : 15.96%

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7 0
3 years ago
Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound
iris [78.8K]

Answer:

Casey can buy 50 pound of fish and 30 pounds of shrimp.

Explanation:

you divide 150 by 3 and you get 50. For shrimp you divide 150 by 5 and you get 30.

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