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Shkiper50 [21]
3 years ago
12

Suppose the price of wheat is set at $5 a bushel and not allowed to decrease. This price is above the equilibrium price, which c

auses a surplus of wheat in the marketplace. This situation describes a _____.
price floor
price ceiling
Business
2 answers:
emmainna [20.7K]3 years ago
6 0

Answer: Suppose the price of wheat is set at $5 a bushel and not allowed to decrease. This price is above the equilibrium price, which causes a surplus of wheat in the marketplace. This situation describes a <u>PRICE FLOOR.</u>

Explanation: Price floor: Government practice consisting in setting a price above the market price; It tends to benefit producers. For this measure to be effective, means must be administered to absorb surplus production.

Talja [164]3 years ago
3 0

Answer: it is price floor

Explanation:

5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.

i took the testtoo, i got it correct.

floor is the lowest price, ceiling is the highest.

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The correct word for the blank space is: Ordinal.

Explanation:

Ordinal data is one of the four (4) types of measurement scales that values in order of importance the rating that can be provided over a subject. However, the difference between each of the rates is not clear. Usually, this approach aims to measure <em>comfort, experience </em>or <em>satisfaction</em>.

4 0
3 years ago
Suppose, at a given federal funds rate, there is an excess supply of reserves in the federal funds market. If the Fed wants the
astraxan [27]

Answer:

B) sale; decrease

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This is an example of Selection bias.

<h3>What is Insurance?</h3>

Insurance exists as a way to manage your risk. When you buy insurance, you purchase security against unexpected financial losses. The insurance company reimburses you or someone you determine if something bad happens to you. If you have no insurance and an accident occurs, you may be accountable for all corresponding costs.

Insurance plans exist beneficial to anyone examining to protect their family, assets/property, and themselves from financial risk/losses: Insurance plans will permit you to expend for medical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care needed in the future.

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5 0
1 year ago
Indicate whether the following events might cause stocks in general to change price, and whether they might cause Big Widget Cor
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Answer:

Check the explanation below

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