1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elza [17]
3 years ago
11

In the micro supply and demand model, which of the following is true when a fully effective price ceiling is removed from a comp

etitive market. (Assume no other change in government policy.) I. This change is a PPI II. Producer surplus must fall III. Consumer surplus must rise
Business
1 answer:
anzhelika [568]3 years ago
7 0

Answer:

Consumer surplus must rise

Explanation:

Remember, the Price ceiling is removed in a competitive market when there is a struggle to get many consumers.

If however the market price is not allowed to rise to the equilibrium level, quantity demanded would exceed quantity supplied, creating a shortage.

For example, several firms sells apple fruit at a price ceiling of $5, when the price ceiling is removed in this competitive market we would expect the firms to lower the price they sell their apples inorder to get more customers.

You might be interested in
Million dollar question. does money equal happiness? Explain with a paragraph
aliina [53]
It depends on the person I would definitely be happy but that’s just me
4 0
3 years ago
A sales training workshop devoted to communicating the importance of obtaining marketing information from customers would be aim
stich3 [128]

Answer:

the considerate.

Explanation:

The considerate -

According to english language , the meaning of considerate is being very polite , calm and caring.

Hence, from the scenario of the question,  

The salespeople need to adapt considerate , i.e. tries to be calm and compose , in order to sell their product , which act as their strategy of selling the product.

Hence,

The correct term is the considerate.

4 0
3 years ago
After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai
Aliun [14]

Answer:

140°F

Explanation:

140°F is ordinary temperature for eliminating microscopic organisms, yet it will likewise effect and truly burn individuals. In this regard, sherry knows about that, which is the reason she comprehend that she needs to hold back to consume it. High temperatures, 140°F or more, ought not be brought into normal private or business pipes that go to end client taps and showers etc.

8 0
3 years ago
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
3 years ago
Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
stepladder [879]

Answer:

$31,000

Explanation:

The computation of the cash collected from customers is shown below:

Cash collected from customers = Sales + Decrease in accounts receivable

                                                    = $30,000 + $1,000

                                                    = $31,000

We simply added the sales and the Decrease in accounts receivable so that the accurate amount can come

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
Other questions:
  • What are some causes of gentrification
    12·1 answer
  • Which of these makes this a true statement? When determining the appropriate weights used in calculating a WACC, it should refle
    5·1 answer
  • Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be se
    11·2 answers
  • Suppose the Simmons Co's common stock has a beta of 1.37, the risk-free rate is 3.4 percent, and the market risk premium is 8.2
    5·1 answer
  • At the PR firm where Gerald works, everyone considers him to be very good with his work and depends heavily on his knowledge to
    11·2 answers
  • uses project characteristics in a mathematical model to estimate project costs. a. Rough order of magnitude estimating b. Bottom
    5·1 answer
  • Carla has been directed by her regional marketing manager to cut prices on seasonal items, place an ad in the local paper, and t
    9·1 answer
  • For 126 consecutive days, a process engineer has measured the temperature of champagne bottles as they are made ready for servin
    14·1 answer
  • Some of the duties of _____ are obtaining goods and services that meet or exceed operations requirements in a timely and cost-ef
    15·1 answer
  • *Will award Brainliest if correct!*
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!