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gulaghasi [49]
2 years ago
11

Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p

urchases all of the leftover chocolate that consumers do not buy. If the price floor remains in place for a number of years, what do you expect to happen to each of the following?a) Quantity of chocolate demanded by consumers.b) Quantity of chocolate supplied by producers.c) Quantity of chocolate purchased by the government.
Business
1 answer:
Pavlova-9 [17]2 years ago
7 0

Answer And Explanation:

a) Quantity of chocolate demanded by consumers will decrease

This is because there is a minimum price which makes product more expensive. The higher the price, the less the quantity demanded

b) Quantity of chocolate supplied by producers will increase

This is because price has increased with the government's price floor. The higher the price, the higher the quantity supplied.

c) Quantity of chocolate purchased by the government will increase

This is because there is surplus supply and therefore government would need to buy more to support the price floor and buy leftover chocolates in the market

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Answer: Infrastructure Challenge.

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A major problem in developing countries is insufficient and often damaged infrastructure. There are lack of roads and other mean of access to quite some areas in the country and those routes that do have road networks sometimes see trade still hampered by damage to those road networks.

Sometimes there would be potholes that require careful maneuvering and sometimes the roads would be washed out. In this case Escents is experiencing Dela due to washed-out roads or faulty bridges which are examples of infrastructural damage.

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2 years ago
According to behavioral​ economics, consumers A. always behave rationally because they take into account monetary costs and nonm
FromTheMoon [43]

Answer:

E. do not always behave rationally because they are overly optimistic about their future behavior.

Explanation:

Behavioral economics is the study of irrational economic decisions from people's behavior.

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To be overly optimistic about your future behavior is biased from social factors and it is a behavior that could be understood from the human emotional framework.

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3 years ago
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g McGuire was an employee of First National Bank of Grayson (FNBG). FNBG participated in a Kentucky Housing Corporation (KHC) pr
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Answer:

The court concluded truthfully, as he had done all the analysis and acknowledged the documentation and investment purposes.

The program scammed funds which might have been used for small-income housing by the government agency.

<em>United States v. McGuire, 744 F.2d 1197 (Cir. 11, 1984).</em>

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3 years ago
Pls choose A,B,C, or D!!
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a

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2 years ago
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A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amount of money (in market dolla
pav-90 [236]

Answer:

C. $5,150

Explanation:

Calculation for what will be the value of interest payment at the end of fifth year in real dollars

First step is to calculate the Interest amount per year

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Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5

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Therefore the Value of interest payment in 5th year in real dollars will be $5,150

4 0
3 years ago
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