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3 years ago

Do all buyers benefit from a binding price ceiling?

Business

1 answer:

Anon25 [30]3 years ago

8 0

Answer:

Option B.

No, a binding price ceiling benefits only some buyers because not all are able to obtain the goods in the legal market.

Explanation:

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above the price, that price binds the market for that good. Because the government keeps the price artificially low, businesses will not produce enough of those goods to satisfy the market.

This results in an insufficient supply of those goods, creating a shortage in those goods, and with a shortage of goods, only some of the buyers will be able to obtain the goods in the legal market.

Therefore, the option that best suits the question is option, B. Not all buyers benefit from a binding price ceiling. A BINDING PRICE CEILING BENEFITS ONLY SOME BUYERS BECAUSE NOT ALL ARE ABLE TO OBTAIN THE GOOD IN THE LEGAL MARKET.

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(Section 5.5)

Elden [556K]

Answer:

$373.10

Explanation:

The principle amount is $350... PV

Interest rates 6.5 % ...r

Duration one year...n

The formula for calculating compound interest

FV = PV x ( 1 + r ) n

Since 6.5 % is compounded twice year: r becomes 6.5/ 2 and n will n x2

FV = 350(1+0.065 )2

=$350 x 1.06605625

=$350 x 1.066

=$373.10

7 0

3 years ago

Pipes & Culverts Company orders six irrigation pumps from Quality Plumbing, Inc. The pumps are stored in Restorers Warehouse

padilas [110]

Answer: Title to the goods passes to Pipes when Quality gives Pipes & Culverts a warehouse receipt for the drives.

Here, in this case the condition states that Quality must give Pipes a warehouse receipt for the goods

Therefore, the correct option to this question is (d)

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3 years ago

During the recession of 2008-2009, the administrations of Presidents George W. Bush and Barack Obama flooded several banking, fi

Jobisdone [24]

Answer:

The answer is: C. The trend toward mostly capitalist nations to move toward socialism.

Explanation:

Capitalism is an idea that favors free markets, but 100% pure capitalism will never exist. The same happens to socialism, no country is 100% socialist. All the countries in the world are mixed between capitalism and socialism but on different percentages.

For example, in a true capitalistic nation no government could exist since no taxation would be allowed. Governments function with the money of their citizens collected through taxes, but theoretically in a free market taxes don't exist. Currently the US and China are involved in a "trade war" which includes import tariffs, which should not exist according to capitalism.

I'm not sure, but I believe there are no pure socialist countries in the world and they probably have never existed either. Not even the Soviet Union was a pure socialist country and China has become the biggest defender of capitalism in the world.

5 0

3 years ago

Robert must send an e-mail message to a client in Turkey. He is carefully selecting his words to ensure that his Turkish client,

Anastaziya [24]

Answer:

Message encoding.

Explanation:

Communication can be defined as the process of conveying information from one person or location to another. Communication can also be described as the transmission of messages through signs, pictorial representation, verbal means.

Encoding can be defined as the process in which an idea is transformed in a communicable message and then transmitted through various channels such as television, radio, internet.

Message encoding involves sending messages to the receiver in comprehensible words.

3 0

3 years ago

The New York Stock Exchange (NYSE) originated as: a financial market where nearly 100 million shares of stock are traded every b

ivanzaharov [21]

Answer:

The answer is: A) A financial market, where nearly 100 million shares of stocks are traded every business day.

Explanation:

The NYSE was founded on May 17, 1792 by twenty four stockbrockers on Wall Street, New York City.

The NYSE is the largest stock exchange in the world, listing over 9.3 million stocks and securities every day.

Once a company registers with the NYSE, their stock become available for public trading. Both physical (a trader doing his job) and digital (remotely by computer) trades can take place.

It also provides several market indexes:

the Dow Jones Industrial Average,
the S&P 500,
the NYSE Composite,
NYSE US 100 Index,
the NASDAQ Composite
and others.

4 0

3 years ago