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Yanka [14]
3 years ago
11

Suppose the government imposes a price ceiling above the equilibrium price of a given good. Which of the following is the most l

ikely result?
a) Some other rationing device will emerge to allocate the good among buyers.
b) Some buyers and sellers will be willing to risk breaking the law in order to exchange the goods.
c) No change will occur in the market.
d) There may be buyers who are willing to pay quite high prices so they can consume more than what they are consuming now.
e) a, b, and d
Business
1 answer:
VikaD [51]3 years ago
8 0

Answer:

c) No change will occur in the market.

Explanation:

The correct option is : (c) No change will occur in the market

Reason: A price ceiling above the equilibrium price is a non binding price ceiling and it does not affect the market. No change in supply or demand occurs.

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Tariffs may raise the price that foreign customers must pay for goods produced in the United States, negatively impacting a U.S.
fenix001 [56]

Answer:

true

Explanation:

tarrifs raise the price of foreign goods

8 0
3 years ago
Sue, a secretary goes to the storeroom to get a box of paper for her department. This is a task she's performed without problem
just olya [345]

Answer:

B. Sue is entitled to Workers' Compensation even though her employer was not negligent.

Explanation:

Sue is performing her normal duties that is required by her being a secretary when she was injured. So the employer cannot be said to be negligent in allowing her carry paper for her unit.

She will not be able to sue for employer for her injuries.

However when an employee is injured they are entitled to Worker's compensation and paid time off work.

This is given to employees even when the employer is not negligent.

Sue can get the Worker's compensation for her back treatment.

7 0
3 years ago
Risoner Company plans to purchase a machine with the following conditions: Purchase price = $300,000. The down payment = 10% of
ser-zykov [4K]

Answer:

$62,160

Explanation:

Given:

Purchase price = $300,000

Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000

Thus,

the cumulative amount to be financed = $300,000 - $30,000 = $270,000

The present value of an annuity of $1 per year for 8 years at 16% = $4.3436

Now,

Annual payment

= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)

= $270,000 / 4.3436

= $62,160.42

≈ $62,160

8 0
3 years ago
Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2
Andrei [34K]
1) Partnership. Nick Selver and Rita Andrew began the company as a partnership. 
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market. 
6 0
4 years ago
Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs Tables Total Cos
Anuta_ua [19.1K]

Answer and Explanation:

The computation is shown below:

Single overhead rate is

= total cost ÷ total labor hours

= ($48000 + $72000 ) ÷ (2600+2400)

= 24 per labour hour

Now  

Dining chairs

= 2600 × 24

= $62400

And,

tables

= 2400 × 24

= $57600

total = $120000

4 0
3 years ago
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