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
A pre-concert rehearsal is an example of
Mrrafil [7]

Answer:

Quality control

Explanation:

Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.

Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.

Generally, there are two (2) main methods of achieving the six sigma approach;

1. DMAIC: define, measure, analyze, improve and control.

2. DMADV: define, measure, analyze, design and verify.

Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.

5 0
2 years ago
High school is referred to as _____ education.
Vanyuwa [196]

Answer:

secondary

Explanation:

as 10 class is rrferred to as secondary education

plz folliw me

3 0
3 years ago
Read 2 more answers
10. ___________ segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, se
Papessa [141]

<u>Answer:</u> Rate of usage segmentation differentiates among heavy users, medium users, light users, and nonusers.

<u>Explanation:</u>

Rate of usage segmentation helps to divide the consumers based on the usage rate of the products. The consumption level of the consumers differs from one another.

Groups can be divided as heavy users, medium users, light users, and nonusers. By dividing them into groups the organizations are able to concentrate on heavy users rather than light users.

This is to maximize their profits the usage pattern of the consumers are also studied. Based on the usage pattern the companies change their products to be more user friendly.

7 0
3 years ago
The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceiv
PIT_PIT [208]

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

7 0
2 years ago
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislo
yan [13]

Answer:

I think it's (B)

I hope that's right

6 0
3 years ago
Other questions:
  • Management at Work
    14·1 answer
  • Rather than offering its members ________ benefits, netroots associations often offer their members ________ benefits.
    9·1 answer
  • PLEASE HELP ME!!!<br> How are mental, physical, and financial health related? Three sentences
    13·1 answer
  • What are three goods provided by the federal government?
    12·1 answer
  • Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to
    13·1 answer
  • The difference between nominal GDP and real GDP is that:
    7·1 answer
  • Guess thy song cuz ion know
    12·1 answer
  • The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing t
    7·1 answer
  • Max is considering an investment proposal that requires an initial investment of $91,100, has predicted cash inflows of $30,000
    13·1 answer
  • Exporting countries primarily agree to voluntary export restraints (VERs) to A) minimize exposure in the importing country. B) r
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!