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
shutvik [7]
3 years ago
10

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

urchases all 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 the quantity of chocolate supplied by producers?
a. It will decrease.
b. It will increase.
c. It will remain the same.
Business
1 answer:
postnew [5]3 years ago
8 0

Answer:

The correct answer is letter "A": It will decrease.

Explanation:

Price floors are price levels the government of a country sets to protect the price of a good will not fall to a level in which producers will not be able to make profits. Since the price level is unlikely to fall,<em> over the years consumers will lose interest in that product and start looking for a substitute at lower prices</em>. <em>The quantity demanded of the price-floor good drops under that scenario.</em>

You might be interested in
Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu
pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0
3 years ago
Television advertisements typically portray the elderly as being
rosijanka [135]

Television ads usually portray the elderly as being vibrant, active, healthy, energetic, etc.

In television ads, things are usually depicted as being the opposite of what they are in real life. That, or television ads are meant to reinforce stereotypes. That's usually in more television shows, instead of advertisements though.

4 0
3 years ago
Read 2 more answers
People who want to buy a house typically ask the bank for a ___ over a 10-to-30 year period
jok3333 [9.3K]
The answer is mortage according to edgnuity i just took the test and got a 100
5 0
3 years ago
Read 2 more answers
I'd:4846539230 <br><br>passcode Q9opl <br><br>or <br><br>fco-tthv-dvt​
Lynna [10]

Answer:

I'm guessing for a zoom?

Explanation:

5 0
3 years ago
1. The two basic ways to finance a business are equity financing and
Deffense [45]

Answer:

B and C

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respect
    15·1 answer
  • _____ is the study of how resources are distributed for the production of goods and services within a social system
    12·1 answer
  • Which of the following methods of suppressing a fire in a data center is the MOST effective and environmentally friendly?
    10·1 answer
  • As a software development project manager, Chang is extremely busy working on new products as well as improving old ones and fix
    12·1 answer
  • Part of establishing an audience adaptation plan is determining what you can do to make it easier for audience members to compre
    9·1 answer
  • XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company worked
    11·1 answer
  • Which examples demonstrate common E-marketing work environments? Check all that apply.
    8·2 answers
  • Rather than acquire an existing machine parts manufacturer in Mexico, Robertson Corp., based in Ohio, chose to establish new ope
    11·1 answer
  • It is reasonable for a company's management team to abandon efforts to win contracts to supply private-label footwear to chain r
    8·1 answer
  • Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!