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slava [35]
3 years ago
10

A price floor set above an equilibrium price tends to cause persistent imbalances in the market because

Business
1 answer:
meriva3 years ago
7 0

Answer:

Because of surplus in the market which cannot be corrected.

Explanation:

Above the equilibrium price, the supply of product is greater than its demand. In other words, there is a surplus in the economy.

When a price floor is set above the equilibrium price, it is not binding. It also causes a persistent imbalance in the economy.

This imbalance is caused because of surplus in the market which cannot be corrected by lowering the price as the price is fixed.

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Hich correlation coefficient is one most likely to find between hours spent studying each week and cumulative gpa among college
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<u>".30"</u> is one most likely to find between hours spent studying each week and cumulative gpa among college students.


The correlation coefficient is a statistical measure that figures the quality of the connection between the relative developments of the two factors. The scope of qualities for the relationship coefficient limited by 1.0 on a flat out esteem premise or between - 1.0 to 1.0. In the event that the relationship coefficient is more prominent than 1.0 or not exactly - 1.0, the connection estimation is inaccurate. A connection of - 1.0 demonstrates an immaculate negative correlation, while a connection of 1.0 demonstrates a flawless positive correlation. A connection of 0.0 shows zero or no connection between the development of the two factors.

3 0
3 years ago
Which choice BEST describes what might happen to unemployment rates, if minimum wage laws were repealed?
Ivenika [448]

Answer:

the short term, unemployment rates would drop drastically.

8 0
2 years ago
Read 2 more answers
You order a $20 sweatshirt online for a Father’s Day gift. The shipping charge is $10. You can get free shipping if your order t
Yakvenalex [24]

Answer:

Incentive

Explanation:

Incentive -

It refers to the peice or work or activity that enables you to perform the work , is referred to as incentive .

It is a type of motivation or a bait .

Hence , from the given scenario of the question ,

Ordering the  bobble head dolls , which is completely not required is a type of incentive , as it will make the shipping free of cost .

Hence , the correct answer is incentive .

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