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3 years ago

The government sets the price of subsidized corn too low. Which of the following statements describes the result?

Business

2 answers:

GREYUIT [131]3 years ago

5 0

Answer:

At that price, quantity demanded exceeds quantity supplied.

Explanation:

The subsidy is a government financial aid for a particular sector to produce a type of good, such as corn. This is applied when the value of the product is low enough to make production unfeasible. Because corn is an important product for the food industry and animal feed, the government gives producers a subsidy, which will be above market value. However, if the subsidy is low enough to not stimulate corn production, demand for the product will exceed supply. The solution to this is to raise the price of corn or to increase subsidies so that farmers have a stimulus to produce a quantity that meets demand.

malfutka [58]3 years ago

4 0

Because the price of the corn is very low many people will decide to go for it. Thus, the result will be that the quantity demanded for will exceed the quantity supplied.

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Answer:

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2 years ago

Clarence lives in Maine, which has a sales tax of 5%. He just bought a digital camera whose full price was $725, but after sendi

Doss [256]

Answer:

=$600

Explanation:

Full price refers to the highest amount payable, or the total amount to be paid. Clarence must have paid the full paid which was $725.

A rebate is promotions discount given by the manufacturer. It is enjoyed by way of claiming after purchase. By filling the rebate forms , Clarence was claiming the discount entitled to her. She got a check of $125.

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3 years ago

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2 years ago

Suppose that a cafe enjoys a large increase in customers whenever the jazz club next door features a band playing appealing musi

Stells [14]

Answer:

The answer is "Option 2".

Explanation:

please find the complete question in the attached file.

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A consumer electronics company was formed to develop cell phones that run on or are recharged by fuel cells. The company purchas

rodikova [14]

Answer:

a) $5, 764,000

b) $1, 959,000

Explanation:

The first part of the question is to determine the taxable income of the company

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= $8,500,000 - $2,280,000 - $456,000

= $5,764,000

Part B) This is to determine the Federal Income Taxes for the year

Looking at the income tax distribution tab, we first check where the company falls into

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= $113,900 + ($5,764,000- $335,000) x 34%

= $113,900 + $1, 845,000

= $1, 959,000

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3 years ago