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
podryga [215]
2 years ago
7

If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m

arket for avocados? Group of answer choices The equilibrium price will remain unchanged from the price ceiling. The equilibrium price will rise to $4.50 as a result of the price ceiling. A shortage of avocados will result from the price ceiling. A surplus of avocados will result from the price ceiling.
Business
1 answer:
Marat540 [252]2 years ago
6 0

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

You might be interested in
What three words would you use to describe the culture you would foster at your company? Explain why you chose each word to repr
diamong [38]
The words are
transparent,involved,and empathetic
5 0
2 years ago
Blank is a checking that is dishonored because of insufficient funds
alisha [4.7K]
<span> bank account where the depositor can write </span>checks<span>. A bank account where money is stored and returns a low interest rate. The same thing as a </span>checking<span> account. ...</span>Blank is a check that is dishonored because of insufficient funds<span>.</span>
7 0
3 years ago
Read 2 more answers
Ben wants to purchase a new tablet. He spends a lot of time researching the latest features available on different brands of tab
Vladimir [108]

Answer:

motivated

Explanation:

to purchase the target, making him a (n) motivated consumer

5 0
3 years ago
Problem solving is often considered a
Troyanec [42]
Solution , explanatory , inquiring
7 0
3 years ago
Read 2 more answers
Corey, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to 10
Sonbull [250]

Answer:

central tendency distributional error

Explanation:

There are three types of distributional errors:

  1. severity.- when the person in charge of rating is too strict and rates the employees with a poor grade.
  2. leniency.- when the person in charge of rating is too lenient and rates the  employees with a high grade.
  3. central tendency.- when the person in charge of rating does not want to assume responsibility and rates the employees with a middle grade, not bad, not good.
3 0
3 years ago
Other questions:
  • The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.
    5·1 answer
  • List four decision making techniques
    9·1 answer
  • Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or ba
    6·1 answer
  • I am willing to take AP classes if.<br><br>can someone help me out of explaining please​
    13·1 answer
  • A company's fixed operating costs are $370,000, its variable costs are $3.25 per unit, and the product's sales price is $5.65. W
    13·1 answer
  • The following costs were incurred in September:
    10·1 answer
  • Faith caught an employee putting a case of 1,000 single-serving tea bags in his car. Not wanting to create a scene, Faith smiled
    15·1 answer
  • BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
    6·1 answer
  • John and Diana have been married for several years and share a goal of owning a 2nd home on the New Jersey shore in 8 years. The
    15·1 answer
  • g: Describe the process of "borrowing at the Federal Reserve." What rate is charged, and who sets it? Why do banks commonly borr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!