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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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Please answer the following questions:
Oduvanchick [21]

The price elasticity of the loan taken by the entrepreneur comes out to be 10.

<h3>What is the price elasticity of demand?</h3>

The price elasticity of demand is an indicator used to determine the sensitivity of demanded quantity with respect to its corresponding price.

Given values:

Change in quantity demanded: 50%

Change in price: 5%

Computation of price elasticity of demand:

\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=\frac{\rm\ Change \rm\ in \rm\ quantity \rm\ demanded}{\rm\ Change \rm\ in \rm\ price} \\\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=\frac{50\%}{5\%} \\\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=10

Therefore, when the change in quantity demanded is 50% with the change in the price is 5%, then the price elasticity of a business loan is equal to 10.

Learn more about the price elasticity in the related link:

brainly.com/question/10610673

#SPJ1

4 0
1 year ago
Peter Ittig's department store, Ittig Brothers, is Amherst's largest independent clothier. The store receives an average of 8 re
Irina-Kira [14]

Answer:

C-chart is the best suited for this since it is widely used to determine if the defects or returns are within the control limits or not.

Mean = average = 8 per day

Z=3

UcL = mean + 3[square root of mean]= 8+ 3 (Sq root of 8) = 16.48

LcL= mean - 3[ square foot of mean] = - 0.485

So the returns are within the control limits.

6 0
3 years ago
To the extent that Italian Americans have intermarried with Anglo Americans and are proportionately represented in various socie
babunello [35]

Answer:

The correct answer is (C) structural assimilation

3 0
3 years ago
A dog grooming business is walking through the target market defining process and is now asking questions about its potential cu
siniylev [52]

Answer:

A

Explanation:

4 0
3 years ago
. A poor credit score can result in:
myrzilka [38]

Answer:

- All of the above

Explanation:

This is the best answer for this question because a poor credit score can result in difficulty finding a job, renting an apartment, and obtaining credit in the future.  I didn't see anything about higher interest charges, but one can logically conclude that that would also be affected

Hope this helps(:

3 0
3 years ago
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