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Semenov [28]
3 years ago
15

An effective price ceiling is imposed in a market. This leads to the development of an illegal black market for the product. How

would the price in the black market compare to the price of the product in the legal market, which has an effective price ceiling?
Business
1 answer:
horsena [70]3 years ago
6 0

Answer:

The price on the black market tends to be higher.

Explanation:

When price ceilings are placed in legal markets, buyers are able to get goods and services at lower prices. But sellers may not be willing to sell unlimited supply of goods at the low price. This could lead to artificial scarcity, and formation of black markets.

The main aim of black markets is for suppliers to maximise profits, so a supplier is able to sell his goods at an amount above the price ceiling set in the legal market.

Also black markets are characterised by practices such as tax evasion, which are beneficial to the suppliers.

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Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells it at year-end at $50, and receive
enyata [817]

Answer:

After tax Return is $3.50

After tax rate of return is 7.00%

Explanation:

Purchase Price = $50

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4 years ago
Fraudulent financial reporting is the only type of fraud that involves making false or misleading entries in the books of the co
Goshia [24]
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3 years ago
Discuss how managers can leverage on organizational behaviour components to maximise business success.
rusak2 [61]

Answer:

Managers can leverage organizational behavior components to maximize business success in the following ways:

Clearing locusts of control

Establishing communication chains

Organizing teams and orienting them to objective reach.

Identifying opportunity areas and establishing a critical feedback mindset for growth.

working with teams in an inclusive leadership scheme.

Explanation:

First of all, managers are observers that are trained to identify the processes of the organization. They have theoric and practical knowledge of the business dynamic and coordinate its operations to achieve success. Now, they have to set the organization's locus of control. To see what goals are achievable and which aren't. They also, create channels of communication to create a constant and dynamic environment to improve its operations. They organize teams setting goals and providing them tasks as well as responsibilities and freedom to innovate. Finally, they identify the opportunity areas and with a leadership scheme they work with the teams to improve efficiency.

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