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jek_recluse [69]
3 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]3 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

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The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a
Natali5045456 [20]

Answer:

Adjusted Balance      31,671

Explanation:

<em>CASH </em>

Balance                       25,497

Service Charge               -11

Collection in firm behalf 7,000

NSF                           -805

accounting mistake       -10

Adjusted Balance          31,671

<em>BANK </em>

Balance                   26,808

Outstanding Check   -3,269

Deposit in transit       8,132

Adjusted Balance      31,671

The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.

8 0
3 years ago
Which of the following is a disadvantage to choosing a sole proprietorship business structure?
aliya0001 [1]

Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.

A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.

4 0
3 years ago
Read 2 more answers
What are the roles of international trade?
nordsb [41]
Increased trade<span> creation as a result of the resulting expanded market, the possibility of EOS that may lead to more exports outside the bloc, greater political and bargaining power in negotiations with developed economies, and. a decreased level of dependence on developing countries' markets.</span>
7 0
4 years ago
Which of the following is an economic change that can affect careers?
ArbitrLikvidat [17]

c) a big recording company buys a small independent label

It is typical in capitalistic economies for larger companies to buy out their competition, absorbing smaller companies. This kind of economic change can result in large changes in management for the smaller companies because the company that now owns them may hire or fire people based on what they feel best meets the needs of the newly acquired company.

7 0
3 years ago
If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs
Ahat [919]

Answer: $228,900

Explanation:

Manufacturing overheads =  Factory depreciation + Factory utilities + Indirect labor + Factory rent + Factory property taxes + Indirect materials

= 65,600 + 30,900 + 22,600 + 47,800 + 28,700 + 33,300

= $228,900

6 0
3 years ago
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