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
White raven [17]
3 years ago
6

To say that a price ceiling is binding is to say that the price ceiling a. results in a shortage. b. is set below the equilibriu

m price. c. causes quantity demanded to exceed quantity supplied. d. All of the above are correct.
Business
1 answer:
bixtya [17]3 years ago
5 0

Answer:

A price ceiling is set below the equilibrium price.

Explanation:

A price ceiling is set below the equilibrium price. Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.

You might be interested in
How would you pay taxes on a earned income?
nasty-shy [4]
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
3 0
3 years ago
Which description most closely matches the term: TIME CRITICAL A ) Used for complex operations or introduction of new equipment
Scorpion4ik [409]

Answer:

The correct answer is C) Point of execution of a mission or task

Explanation:

The critical period is a limited time where an event can occur, and that results in some kind of transformation. For this reason, when identifying a risk, for example, it can be determined as the main point where a specific task is started to try to solve some problem.

5 0
3 years ago
What might be an example of corporate social responsibility
Thepotemich [5.8K]
Reducing carbon footprints. Improving labor policies. Participating in fairtrade. Charitable giving. hope this helps you. jajjaja
5 0
3 years ago
Read 2 more answers
Which of the following pieces of information is NOT commonly collected on a job application?
laila [671]

Answer:

The answer to this question is A

8 0
3 years ago
As long as a market is contestable, then even if it has only a few sellers, the Group of answer choices threat of new entrants w
Irina18 [472]

Answer: threat of new entrants will prevent the prices from rising above the competitive level.

Explanation:

A contestable market has competition such that sellers cannot unilaterally decide to sell at a certain price. They have to sell at a competitive price that is set by the market to ensure that goods are allocated efficiently.

If the prices attempt to rise above this competitive level, new sellers will enter the market so as to make a profit which would have the effect of driving the price back down to where it was and even lower if even more sellers come in. The price is therefore maintained to ensure that this does not happen.

7 0
3 years ago
Other questions:
  • As an exporter, Horizon Trading wants to be paid before a consignment is shipped. Correspondingly, its importer in Italy, Friggo
    11·1 answer
  • As a proponent of the free market, Adam Smith viewed the main factors of production as labor, land, capital and entrepreneurship
    13·1 answer
  • To minimize the invasion of privacy, _____.
    13·1 answer
  • The price and quantity determined in a market when the supply equals the demand, the market is in the state of
    13·1 answer
  • The exchange rate is the opportunity cost at which goods are produced domestically. balance-of-trade ratio of one country to ano
    11·1 answer
  • Regarding convergence of accounting standards, the FASB and IASB:
    8·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will( increase
    11·2 answers
  • Which of the following does not describe a trial balance? a. Proves that all transactions have been recorded b. Proves the mathe
    15·1 answer
  • Vicarious liability is direct liability. <br> a. True <br> b. False
    10·1 answer
  • Identify three major groups of people involved in the marketing research process, and then give at least one example of an uneth
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!