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
Marina86 [1]
3 years ago
11

Suppose the equilibrium price of oranges is $0.79, but government takes steps to prevent the price from exceeding $0.60. The lik

ely result will be a: A. lower equilibrium price for oranges as the supply curve for oranges shifts to the right. B. higher equilibrium price for oranges as the demand curve for oranges shifts to the right. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium. D. surplus of oranges as the price ceiling keeps the market from reaching equilibrium.
Business
1 answer:
labwork [276]3 years ago
8 0

Answer:

. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium

Explanation:

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

The price ceiling is less than the equilibrium price. consumers would increase demand because the good is cheaper while producers would reduce supply as a result of the fall in price. As a result, demand would increase and supply would fall as pece is less than equilibrium price. These would lead to a shortage.

I hope my answer helps you

You might be interested in
Which of the following best describes vertical integration? A. sell products to a supplier or a distributor B. develop the abili
jasenka [17]

Answer: B

Explanation:

A vertical integration is where a company owns another company in the same production line.

For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.

The advantages of Vertical integration include:

a. It reduces costs.

b. It increases efficiency.

c. It gives the firm greater control of the production process.

A major disadvantage of vertical integration is it requires huge capital outlay.

7 0
3 years ago
When marketers _____, they take into account the fact that customers are different, customers change, competitors change and rea
butalik [34]

Answer:enter into the strategic marketing process

Explanation:

4 0
2 years ago
Deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in:
icang [17]

Discharging waste from the facility into the bay can result in a. <u>penalties </u><u>and damages</u>.

Many companies are known to discharge their wastes in an estuary bay. Such companies are subjected to heavy penalties by the government and also as there are aquatic organisms in a bay, the toxic compounds from the water can cause damaging results to the bay ecosystem.

Hence, companies such as Deep earth extraction inc, they discharge waste in the bay, and there are penalties and damages that they have to afford due to the risk they had caused to the bay. All companies should make sure to have a proper disposal system where other life forms and the earth is not damaged by the toxic wastes.

To learn more about waste, click here:

brainly.com/question/19152477

#SPJ4

8 0
1 year ago
Which management style is characterized by the manager trusting the employees work ability and is best used with employees know
ch4aika [34]
I don’t know my name I don’t play by the rules of the game so you do say I’m not trying
7 0
4 years ago
Gordon Company sold 2,000 more units than budgeted of its only product. How will total fixed cost be affected
Aleks04 [339]

Answer: b. Remain constant

Explanation:

Fixed costs as the term implies, do not change depending on the units produced or sold but rather remain constant over the period. If the company sells 2,000 or 5,000 more units, the fixed costs will remain constant.

For instance, if the rent of the selling warehouse is $4,000 per month and the company stores and then sells any number of units, they will still pay $4,000 regardless.

4 0
3 years ago
Other questions:
  • Select the sentence indicating the team that would be the most help in determining the kind of advertisements that a product sho
    13·1 answer
  • _____ determine what sales volume must be reached before the company's total revenue equals total costs and no profits are earne
    7·1 answer
  • Increases i interest accrual are caused most often by___ 1.increases in interest. 2.increases in principal 3.increases in time 4
    13·1 answer
  • credit cards should be used for what A. anything you want B. things you cant afford C. budgeting expenses you need to pay over t
    6·1 answer
  • Holiday Corp. has two divisions, Quail and Marlin Quail produces a widget that Marlin could use in its production Quail's variab
    5·1 answer
  • Less developed nations have high rates of unemployment.<br><br> TRUE<br><br> FALSE
    8·2 answers
  • 1. Which of the following can be used as the cooking liquid for a stew?
    15·2 answers
  • Solve the equation.5x+7-3x=-10
    12·1 answer
  • 1. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:
    15·1 answer
  • jon schwartz is an electrical engineer. he works as a temporary worker for a contracting company that builds germ-free rooms for
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!