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.
A surf board shop for example. If you lived in a place like Ohio you’re not gonna have very many sales because there’s no ocean or surf parks near by. But if you lived somewhere like California you’re sales would be much better.
Answer:
A) $200,000 to Jack
Explanation:
Jack is the primary beneficiary to his late wife's life insurance policy and since he is still alive, so he should get the whole $200,000.
His daughters, Mimi and Ann, are the contingent beneficiaries. That means that in case Jack had died before his wife or he was incapacitated for some reason, then they would have become the beneficiaries of the insurance policy (and each would have received $100,000).
Answer:
S1
Explanation:
Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.
Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.
This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.
Answer:
Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa.
At first glance, the negative correlation between interest rates and bond prices seems somewhat illogical. However, upon closer examination, it actually begins to make good sense.
