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
jek_recluse [69]
2 years ago
8

If a price ceiling is set above the equilibrium price in a market rev:a. rationing will be necessary. b. surpluses of the commod

ity will develop. c. the quantity demanded will exceed the quantity supplied. d. the quantity supplied will equal the quantity demanded.
Business
1 answer:
olga_2 [115]2 years ago
4 0

Answer:

b. surpluses of the commodity will develop

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If price ceiling is set above equilibrium price, suppliers would increase supply while consumers would reduce demand. This would lead to an excess supply and surplus in the economy.

When price ceiling is set above equilibrium price, it is known as a non binding price ceiling.

I hope my answer helps you

You might be interested in
According to the Ajzen model, the strongest predictor of an employee’s behavior is (are):
Ghella [55]
There you go. let me know if this is right

4 0
3 years ago
Noah drinks Dr. Pepper. He can buy as many cans of Dr. Pepper as he wishes at a price of $0.50 per can. On a particular day, he
Nadusha1986 [10]

Answer:

$0.85 and three cans

Explanation:

Data given in the question

Price per can = $0.50

First can paying price = $0.95

Second can paying price = $0.80

Third can paying price = $0.60

Fourth can paying price = $0.40

So by considering the above information, the noah can buy three cans as the prices are high

So, the consumer surplus is

= First can + second can + third can

where,

First can = $0.95 - $0.50 = $0.45

Second can = $0.80 - $0.50 = $0.30

Third can = $0.60 - $0.50 = $0.10

So, the total consumer surplus is

= $0.45 + $0.30 + $0.10

= $0.85

7 0
3 years ago
Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother as
Maksim231197 [3]

Answer:

$16,875

Explanation:

The amount received per year is $15,000 and the CPI increased from 144 to 162

Inflation rate = (New CPI - Old CPI)/Old CPI * 100

Inflation rate = 162-144/144 * 100

Inflation rate = 0.125

Inflation rate = 12.5%

Amount received = $15,000 * 12.5% = $1,875

==> $15,000 + $1,875 = $16,875

So, Grandmother will receive $16,875

3 0
2 years ago
A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distr
scZoUnD [109]

Answer and Explanation:

The computation of the present values of both alternatives is shown below:

For alternative one, the lump sum amount is

= Yearly payment × PVIFA factor at 8% for 12 years

= $50,000 × 7.5361

= $376,805

And, in the alternative 2, the lumpsum amount i.e. present value is $452,000

So as we can see that the alternative 2 is better as the lumspsum amount is high as compared with the alternative 1

5 0
3 years ago
A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 e
Gnesinka [82]

Assuming  the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.

<h3>Journal entry</h3>

Based on the information given if the company issues the amount of  $100,000 of 5%, 10-year bonds dated january 1 the appropriate journal entry to record this transaction is:

Debit Cash $100,000

Credit Bond payable $100,000

(To record bonds sold at par value)

Inconclusion the issuer will records the sale with a debit to: Cash $100,000.

Learn more about journal entry here:brainly.com/question/14279491

5 0
2 years ago
Other questions:
  • Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.
    8·1 answer
  • Which structure would you be most likely to choose if your company wanted to give its sales people a predictable paycheck and al
    6·2 answers
  • An agent, broker or lender who are trying to scare owners in a neighborhood into selling their property by suggesting that prope
    5·2 answers
  • In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will thi
    15·1 answer
  • Match each feature with the savings account type.
    13·2 answers
  • Which term identifies the occurrence of the system denying access to someone who is actually authorized?
    15·1 answer
  • New correctional treatment specialists might be required to work under a trial period, called a(n)
    7·1 answer
  • When Carlos, the manager of a coffee shop, speaks to customers in order to find out trends in their preferences and their changi
    11·1 answer
  • Which of the following can increase your credit card’s APR?
    8·2 answers
  • Jeanine, the operations manager of an auto dealership, has been redesigning operations. She feels there are many places where th
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!