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NARA [144]
2 years ago
15

How does a non-binding price ceiling impact equilibrium price and quantity in a competitive market?

Business
1 answer:
mart [117]2 years ago
3 0
A non binding celing would just keep colapsing fr
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The price-elasticity of demand coefficient, Ed, is measured in terms of:_______
Kaylis [27]

Answer:

c. percentage change in price and percentage change in quantity demanded.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.

7 0
3 years ago
Part 1 Ken is the produce manager at saying way a large Supermarket that is part of a national chain. After completing a few man
Dvinal [7]

The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.

<h3>Who is a manager?</h3>

It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.

In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.

In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.

Learn more about manager on:

brainly.com/question/24553900

#SPJ1

4 0
1 year ago
When boating on a river, you may encounter strainers. what is the danger of a strainer?
Yuri [45]
When boating on a river, you might encounter these strainers and the danger of these strainers is that they can possibly trap your boats and throw the passengers out of the boat. Strainer is the term that describes anything that obstructs the way in the river such as logs, or wire fence. 
7 0
3 years ago
Read 2 more answers
The difference between a hospital's established billing rate and the amount paid by a third-party payer is referred to as:______
s2008m [1.1K]

The difference between a hospital's established billing rate and the amount paid by a third-party payer is referred to as contractual adjustment.

Contractual Adjustment is a part of a patient's bill that a doctor or hospital must write-off  because of billing agreements with the insurance company.

A write off is simply the amount that cannot be collected from patient due to several issues.

A contractual adjustment is important because it helps in preventing fraud from occurring in the total amount of the bill.

Learn more about contractual adjustment here;

brainly.com/question/28474224

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4 0
1 year ago
For shipments transported by water, in addition to the name of the shipper, which of the following must be added to the shipping
Digiron [165]

Answer:

Please see the explanation below

Explanation:

Bill of lading is the formal document which issues by the vessel/carrier company in regard to the invoice and packing list submitted with cargo..A bill of lading (BL or BoL) is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. Consignee address and details A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination. In case of DGR  that is dangerous goods, specified permits and form should be attached with it

5 0
3 years ago
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