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a_sh-v [17]
3 years ago
7

If a binding price ceiling is imposed on the baby formula market, then a. the quantity of baby formula demanded will increase. b

. the quantity of baby formula supplied will decrease. c. a shortage of baby formula will develop. d. All of the above are correct.
Business
1 answer:
Inessa05 [86]3 years ago
8 0

Answer:

d. All of the above are correct.

Explanation:

Market is at equilibrium where demand = supply & the corresponding  curves intersect.

Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.

A&B This artificially reduced price : - Increases Quantity Demanded of the good (Baby Formula here), because of price & quantity demanded inverse relationship as per law of demand. -- Decreases Quantity Supplied of it , because of price & quantity demanded direct relationship as per law of supply.

C This quantity demanded increase & quantity supplied decrease at lower prices creates shortage of the good (Baby Formula here).

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What is the difference between an employee and an entrepreneur?
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Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

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Moses and the hebrews believed that the god given laws that defined a human relationship with other humans
Gnoma [55]

Answer:

true  

Explanation:

What are the ancient Hebrews laws of God called?

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8 0
3 years ago
If an economy has just suffered a serious recession but real gdp is expanding once again, we can conclude the unemployment rate
Mnenie [13.5K]
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7 0
3 years ago
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,
JulsSmile [24]

Answer:

Ayala Architects

General Journal

April 1

Debit  : Cash $18,270

Credit : Common Stock $18,270

April 1

Debit  : Salaries expense ($381 x 4) $1,524

Credit : Salaries Payable $1,524

April 2

Debit  : Rent expense $914

Credit : Cash $914

April 3

Debit  : Supplies $1,320

Credit : Accounts Payable - Burmingham Company  $1,320

April 10

Debit  : Accounts Receivable $1,929

Credit : Service Revenue $1,929

April 11

Debit  : Cash  $711

Credit : Deferred Revenue

April 20

Debit  : Cash $2,842

Credit : Service Revenue $2,842

April 30

Debit  : Salaries expense $1,524

Credit : Cash $1,524

April 30

Debit  : Accounts Payable - Burmingham Company $305

Credit : Cash $305

Explanation:

Journal entry for the transactions have been prepared above.

4 0
3 years ago
Suppose that the annual rate of returns on dollar deposits equals 2% and the rate of return on euro deposits is 1%. Furthermore,
Oliga [24]

Answer:

I should invest in dollar deposits.

Explanation:

Current exchange rate is 1 euro = $1.08

Assuming I have y euro, the equivalent in dollar is $1.08y

Rate of return on dollar deposit = 2% = 0.02

Return on investment = $1.08y + (0.02 × $1.08y) = $1.08y + $0.0216y = $1.1016y

Rate of return on euro deposit = 1% = 0.01

Return on investment = y euro + (0.01 × y euro) = y euro + 0.01 y euro = 1.01y euro = 1.01y × $1.08 = $1.0908y

I should invest in dollar deposits because the return on investment is greater than euro deposits.

5 0
3 years ago
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