Answer:
The most appropriate leadership style is the Visionary Leadership style
Explanation:
To successfully implement the new system, The leader needs to get his team mates' buy-in by helping them see the impact of the change on the business and how the change impacts their jobs and also emphasize their role in making the change happen successfully
With this style the leader:
1) is taking responsibility for facilitating the change and communicating how the change will happen.
2) Selling the vision by explaining and describing the vision and influencing his team.
3) Ensures the appropriate persons align the vision with their jobs and objectives.
The problems with price gouging laws that keep prices low are:
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
Here are the options to this questions:
- Price gouging laws reduce shortages after a disaster by keeping prices low.
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
- When prices rise after a disaster, consumers are encouraged to consume less of the good and leave some for others to purchase; price gouging laws short circuit this effect.
- Price gouging laws keep prices low after a disaster. This forces producers to produce more of the needed goods
- Price gouging laws keep prices low after a disaster. This forces consumers to buy less of the good than they otherwise would
Price gouging is when the price of a good or a service is increased to very high levels when the demand for the product is higher than the supply of the product. Price gouging usually occurs after an event. For example, after a natural disaster.
In order to prevent price gouging, the government can set a price ceiling. A price ceiling is when the maximum price for a good or service is set by the government. When prices are prevented from rising above a particular price, this benefits consumers as they would be able to purchase goods at a cheaper price. But producers would be disadvantaged because their profit margins would fall. This can lead to a shortage problem as demand would exceed supply.
To learn more about price gouging, please check: brainly.com/question/10477659?referrer=searchResults
Answer:
Consumer surplus increases by $2
Explanation:
The consumer surplus can be defined as the benefit that consumers gain when they pay less for a good that they are willing to pay more for.
a). Determine the final demand as follows;
Price elasticity of demand=% change in price/% change in demand
where;
price elasticity of demand=-1
% change in price={(Final price-initial price)/initial price}×100
Final price=$24
initial price=$25
% change in price=(24-25)/25=(1/25)×100=-4%
% change in demand=x
replacing in the original expression;
-1=-4/x
x=4%
% change in quantity={final quantity-initial quantity/initial quantity}×100
let final quantity=y
4%={(y-100)/100}×100
0.04=(y-100)/100
4=y-100
y=4+100=104
final quantity=104 units
Consumer surplus=(1/2)×change in price×change in quantity
where;
change in price=25-24=1
change in quantity=104-100=4
Consumer surplus=(1/2)×1×4=2
Consumer surplus increases by $2
Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
