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
kenny6666 [7]
3 years ago
11

f the government imposes a binding price ceiling in a market, then the producer surplus in that market will increase.

Business
1 answer:
Anit [1.1K]3 years ago
6 0

Answer:  This statement is FALSE

Explanation:

Price Ceiling is the maximum price fixed by government , usually less than equilibrium price to make necessity goods affordable to max people.

Producer Surplus is the difference between prevailing price & minimum price needed to induce producers to supply . Diagramaticaly / Graphicaly , it is the vertical difference between supply curve & price level

Implying Ceiling Imposition , the price gets reduced . Assuming unchanged Supply curve , the difference between price & supply curve reduces .  

Hence , Producer Surplus falls  

You might be interested in
If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and
Elodia [21]

Answer:

Explanation:

The firm Should decrease the output.

Because as we see selling price P is LESS than Marginal Cost (MC) and in perfect competition P=MC for efficient allocation . So By decreasing output firm can decrease MC ⇒ which leads to output where P=MC.

3 0
3 years ago
The approved detail design resulting from the __________ serves as a basis for making the decision to begin production. Systems
wel

Answer: Critical Design Review

Explanation:

A Critical Design Review is referred to as a review that's fine in order o ensure that a system can be able to move into fabrication, and test and also ensure that the stated performance requirements are met.

The approved detail design resulting from the critical design review serves as a basis for making the decision to begin production.

3 0
2 years ago
Which of the following is a good time management technique
Sauron [17]
A. Knowing how to prioritize
4 0
3 years ago
Read 2 more answers
Identify What prevented the economy from slipping
iVinArrow [24]
The correct answer is letter B
5 0
3 years ago
Which phrase best describes the purpose of a slide master? Check all that apply.
Ksju [112]

Answer: to establish the layout of all slides, or a group of slides, in a presentation.

to determine the theme of all slides, or a group of slides, in a presentation.

to allow users to apply changes in layout or theme to an entire presentation.

Explanation:

It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.

The phrase best describes the purpose of a slide master include:

• to establish the layout of all slides, or a group of slides, in a presentation.

• to determine the theme of all slides, or a group of slides, in a presentation.

• to allow users to apply changes in layout or theme to an entire presentation.

Therefore, the correct options are C, D and F.

8 0
3 years ago
Other questions:
  • Which of the following is a clear benefit of international marketing? expands the customer base for products and services allows
    14·1 answer
  • When a firm sets its pricing strategy based on how it can add value to its products or services it has embraced a(n) ________ or
    6·1 answer
  • The Notarial Evidence Form is completed by
    15·2 answers
  • When a manager informs employees about the changes taking place in the external and internal environment that will affect them a
    9·1 answer
  • Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oi
    6·1 answer
  • Hong Kong Clothiers reported revenue of $5,050,000 for its year ended December 31, 2021. Accounts receivable at December 31, 202
    15·1 answer
  • One of the best ways to research a college is to:
    5·2 answers
  • The price of gold is currently $1,200 per ounce. The forward price for delivery in one year is $1,400. An arbitrageur can borrow
    12·1 answer
  • What is the maximum amount your firm can afford to spend to increase customer retention from 61 % to 78 %?
    15·1 answer
  • e-business is the exchange of goods and services among individuals, typically facilitated by a third party.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!