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Yuki888 [10]
3 years ago
13

1. Problems and Applications Q1 Suppose the demand for classical music concert tickets is downward sloping and the supply of cla

ssical music concert tickets is upward sloping. Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket. True or False: If the equilibrium price of concert tickets were $30, a price ceiling of $40 will cause more people to attend classical music concerts than if there is no price control. True False
Business
1 answer:
Rudiy273 years ago
6 0

Answer:

False

Explanation:

As the ceiling of 40 dollar is above the equilibrium it will have no bidding It will have no impact the agents (musician offering the concerts and attendants) will not be affected for the policy.

Only when teh market equilibrium price increase as above this level it will be biddding and generate a contraction of the supply as their will not provide for 40 dollar when the market price is above this amount.

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LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0
3 years ago
If you know how to think critically and have excellent problem solving skills, you are said to have strong
Ugo [173]

Answer:

B

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7 0
3 years ago
Some of the most common challenges of working on a team are:
Dmitrij [34]

Answer: C. Picking the right people to work with on the team

Explanation:

For the work to be carried out successfully it is important to have the right staff. When you choose the right people, it's much easier to be able to work as a team. Having the right person means that you are someone with goals that go along the same lines as the company, someone who follows the schedules at the time of the meetings and who is aware of the importance of feedback.

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3 0
3 years ago
Stock A has an expected return of 8%, stock B has an expected return of 2%, and the return on Treasury-Bills is 4%. You buy $200
Tomtit [17]

Answer:

The expected return of your portfolio is 6.02%

Explanation:

Stock     Value     Expected Rate of return   Weightage

  A          $200                   8%                      $200/$300 = 0.67

  B          $100                    2%                      $100/$300 = 0.33

Expected Rate of return = ( Expected rate of return Stock A x Weightage of Stock A ) + ( Expected rate of return Stock B x Weightage of Stock B )

Expected Rate of return = ( 8% x 0.667 ) + ( 2% x 0.33 )

Expected Rate of return = 0.0536 + 0.0066 = 0.0602 = 6.02%

3 0
3 years ago
A(n) ____________________ is a contractual provision that says a seller of a business will not engage in a similar business with
Marysya12 [62]

Answer: licensing clause

Explanation:

8 0
2 years ago
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