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UNO [17]
3 years ago
11

The imposition of a binding price floor on a market causes quantity demanded to be

Business
1 answer:
viva [34]3 years ago
5 0
A price floor is the mining price that can be charged for an item. A binding price floor is a price set above market average pricing. Since the government regulates this and will not let them sell below the average market price, the price is set in stone for the products price in the market. 
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Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned
ozzi

Answer:

4. free-market economy

Explanation:

Free-market economy -

A free market refers to the economic system which depends on the demand and supply , where the control of government is nil , is referred to as free - market economy.

It helps to provide all the voluntary exchange occurring in the economy.

The range of the free market economy of a particular country , is present in between very large or completely black market.

Hence, from the given statement of the question,

The correct term is free - market economy.  

7 0
3 years ago
Why does a bank sometimes hold excess reserves?
svetoff [14.1K]
The answer is d: to protect against high prices
6 0
3 years ago
Read 2 more answers
Which of the following is an example of a hidden variable? Quality of life is a hidden variable because it cannot be measured di
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Answer:

<u>Quality of life is a hidden variable because it cannot be measured directly but must be inferred from measurable variables such as wealth, success, and environment. </u>

Explanation:

<u>Hidden variable:</u> The term "hidden variable" is described as the proposition that specific "statistical models" of any physical systems, for example, Quantum mechanics are being incomplete inherently, and along with this the apparent randomness of a particular system is being dependent not on "collapsing functions" but instead it is due to any unmeasurable or unseen or hidden variables.

8 0
3 years ago
When Glenn is thirsty, he always buys a Coke. Like many consumers, Glenn engages in considerable alternative evaluation when buy
Alecsey [184]

Answer:

False

Explanation:

Buying coke by Glenn is an habit because he does not have to think before doing it. He does not even try to consider alternatives which could be as a result of his total satisfaction from coke. Habitual decisions need little to no conscious effort (reasoning) to make.

Cheers.

3 0
3 years ago
Items such as cookies, crackers, and potato chips have separate schemas. However, these can be clustered into one category becau
r-ruslan [8.4K]

Answer:

The answer is A. Taxonomic categories

Explanation:

Taxonomy can be defined as the system of classification of various things based on their similarities or differences.

In the question above, cookies, crackers and potato chips are different products, but they all share a similarity, which is that they're all snack foods and therefore are under the same taxonomic category.

3 0
3 years ago
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