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sveta [45]
3 years ago
15

Before the oil embargo, the price ceiling on gasoline had no noticeable effect on the market. What is the most likely explanatio

n for this?
Business
1 answer:
Dvinal [7]3 years ago
3 0

Answer:

When a price ceiling is imposed (or any price ceiling at all), the only way that it doesn't affect the economy is that the price set was actually equal to or higher than the equilibrium price of the market.

I suppose that since an oil embargo was put in place, the quantity supplied of gasoline would decrease severely affecting the equilibrium price and increasing it. Once the equilibrium price is higher than the price ceiling, then its negative effects will be noticed (e.g. deadweight loss).

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Give at least two (2) relevance of entrepreneurship to SHS Students, elaborate your answer by giving example that will relate in
stiv31 [10]

Two relevance of  entrepreneurship to Students include:

  • Teaches them life skills.
  • Gives them options after leaving school

<h3>What is the relevance of entrepreneurship to students?</h3>

Students should be taught entrepreneurship skills because it can teach them some important skills in life such as problem-solving and creative thinking.

It would also give them an extra avenue to earn an income while still in school and when they leave school.

Find out more on the benefits of entrepreneurship at brainly.com/question/18294953

#SPJ1

6 0
2 years ago
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets
allsm [11]

Answer:

9.69%

Explanation:

Calculate for the internal growth rate

First step is to calculate the ROA

ROA = $4,819/$38,200

ROA=.1262*100

ROA= 12.62%

Second step is to calculate the plowback ratio b

The plowback ratio, b= 1 – .30

b= .70

Now let calculate the Internal growth rate using this formula

Internal growth rate=(ROA × b)/[1 – (ROA × b)]

Let plug in the formula

Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]

Internal growth rate=.0969*100

Internal growth rate= 9.69%

Therefore the internal growth rate will be 9.69%

3 0
3 years ago
What is a homestead exemption?
Katarina [22]

The answer is <u>"equity in a home that a debtor is permitted to retain".</u>


A homestead exemption shields the estimation of a home from property expenses and lenders following the demise of a mortgage holder life partner. A homestead exemption can be found in state resolutions and sacred arrangements over the U.S. also, is a programmed advantage in a few states. In states where the estate insurance isn't programmed, mortgage holders must document a case which must be re-recorded while moving main living places

6 0
4 years ago
Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after g
miss Akunina [59]

Answer:

$ 7,322  

Explanation:

$2300 per year is an annuity investment. The formula for future annuity value is as below

FV  =  A  × (1 + r)^n - 1 / r

                           

Where A = amount invested periodically

r = interest rate, 6% or 0.06

n = 3 years

Fv = $2300 x{ (1 +0.6)^3 -1} /0.06

Fv  = $2300 x (1.191016-1) /0.06

Fv  = $2300 x  ( 0.191016/0.06)

Fv =  $2300 x  3.1836  

Fv=  $ 7,322.28

Fv= $ 7,322  

 

7 0
3 years ago
Under a non-revised divorce decree executed in 2018, Pillar is required to pay her ex-husband, Miguel, $4,750 a month until thei
aliya0001 [1]

Answer:IDK

Explanation:

4 0
3 years ago
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