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ehidna [41]
3 years ago
6

What is a black market and why might it alleviate shortages?

Business
1 answer:
Ksenya-84 [330]3 years ago
5 0

<u>Answer:</u>

Black markets are markets that are not under the administration's control. Items sold in an underground market are regularly unlawful; for example, counterfeit DVDs, counterfeit brand items, and illicit medications. Bootleg trades frequently are eased by a lack of a product.

A price ceiling is utilized to constrain the cost of an item to profit customers when the harmony cost of an object is excessively high. The result is a deficiency of a topic, and the lack regularly causes black markets.

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Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact that he would en
solniwko [45]

Answer: Framing effects

Explanation:

The framing effect is referred to as or known as a cognitive bias under which an individual tends to decide upon the options that are mostly based on the fact whether the given options are also represented with negative or positive connotations, i.e. as a gain or as a loss. Individual usually avoid risk while a positive frame is being presented but tend to seek risks while a negative frame is being presented.

5 0
3 years ago
Sunnyside Detailing's cost formula for its materials and supplies is $1,950 per month plus $14 per vehicle. For the month of Aug
Mumz [18]

Answer:

Flexible budget cost materials and supplies= $2,720

Explanation:

In the flexible budget, we need to multiply the standard quantities by the actual activity.

<u>Standard cost formula:</u>

materials and supplies= 1,950 + 14*x

x= number of vehicles

<u>For 55 vehicles:</u>

Flexible budget cost= 1,950 + 14*55

Flexible budget cost= $2,720

6 0
3 years ago
Which of these starbucks® coffees was the very first blend we released
spayn [35]

According to Starbucks, the starbucks® coffee that was the very first blend released is " a mix of excellent Latin American beans seared to a glistening, murky chestnut color."

These delicious Latin American beans are prepared with a combination flavor of toffee and cocoa.

Starbucks first prepared this variety in 1971 when the company commenced production in Seattle.

Starbucks is one of the most popular coffee producers in present-day America.

Hence, in this case, it is concluded that the starbucks® coffee that was the very first blend released is " a mix of delicious Latin American beans seared to a glistening, murky chestnut color."

Learn more here: brainly.com/question/20533939

8 0
3 years ago
Read 2 more answers
Question 7
ANEK [815]
Question 7
The equation of a straight line AB is



(a) Find the gradient of line AB.
(b) Find the y-intercept of line AB.
(c) A second line PQ is parallel to the line AB and passes through a point (2, -8).
Show that the second line PQ also passes through the point(-1,-5)
4 0
4 years ago
The organization of 183 countries, all of which have signed treaties to protect intellectual property rights, is known as
nignag [31]
It is known as "World Intellectual Property Organization".

In 1967 the World Intellectual Property Organization was created to encourage and protect intellectual properties. It is also part of United Nation's seventeen specialized agencies. Though it was started with 183 members, overtime the number increased and as of 2016 it had 189 members with headquarters in Switzerland. 
8 0
3 years ago
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