Answer:
c. there will be a surplus of candy bars.
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
If a price ceiling is effective, the price ceiling is set below equilibrium price.
If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.
A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.
I hope my answer helps you
<span>Which one of the following choices is the responsibility of the team leader? Outline the ideas to be discussed. The project manager will set the goal of the project and then the team leader is in charge to help outline to all members what the project should entail. It is important to make sure all members complete their part to have one completed project for everyone on the team to receive the same outcome from. Team </span>settings are great for diversity but all members must work together.
Answer:
a. experimenting with policies that are compatible with a state’s political structure and experience rather than with economic liberalism.
Explanation:
The Beijing Consensus reflects a new approach to development based on China's model of economic growth. It is a non-liberal, state-driven view of development, in which development is seen as a process of structural transformation of society and cannot be confused or replaced by market economic policies. Thus, the central objective of the Beijing Consensus Chinese Development Policies is to create a development policy based on the experience of the state, within that country's political conformation, in order to link economic development to social and human development.
Answer:
8.46%
Explanation:
Monthly interest rate = 0.640%
Number of month in year = 12
Investment in non-interest bearing = 6%
Effective annual interest = [(1 + Monthly interest rate)^Number of month] - 1 / (1 - Investment in Non-interest)
Effective annual interest = [(1 + 0.640%)^12] - 1 / (1 - 6%)
Effective annual interest = (1.0064)^12 - 1 / 0.94
Effective annual interest = 1.07956187072 - 1 / 0.94
Effective annual interest = 0.07956187072 / 0.94
Effective annual interest = 0.084640288
Effective annual interest = 8.46%
Hence, the Effective annual is 8.46%.
Answer:
equilibrium price would fall and equilibrium quantity would increase
Explanation:
The discovery would reduce the amount of crops now lost to frost damage and increase the supply of crops e.g. potato.
As a result of the increase in supply, there would be an excess of supply over demand equilibrium price would fall and quantity would increase
Please check the attached image for a graph showing increase in supply
