Answer:
quantity demanded exceeds quantity supplied and a shortage occurs
Explanation:
The options to this question wasn't provided. Here is the link to the complete question: https://www.chegg.com/homework-help/questions-and-answers/equilibrium-price-solar-panels-200-per-panel-price-ceiling-150-per-panel-imposed-happens-m-q22993335
When a price ceiling is below equilibrium price, the good becomes cheaper to consumers, therefore demand increases. While the profit of suppliers fall and suppliers reduce the quantity supplied. This leads to a shortage in the market.
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Answer:
A
Explanation:
they have to know what the person is being arrested for
Answer:
The question is actually missing (see attached image):
the answer is:
D. Less than that of its competitors.
Explanation:
Personally, I believe that GM is an extremely spoiled child that refuses to assume responsibility for its continuous and never ending mistakes. GM has either filed for bankruptcy or threatened to do so twice in the last 30 years or so, and every time the US government has to bail them out. But GM keeps doing things wrong.
It doesn't matter if you like their cars or not, GM is terribly managed. No other company in US history has received so much financial aid from the government and continued to lose money and work inefficiently. The problem is that whenever things go wrong, stockholders lose their money but the executives keep getting tens of millions of dollars. If a company is managed in such a disastrous way, their top management shouldn't get paid that much.
A car factory costs a lot of money, and not using it efficiently is outrageous considering GM's history. If they had never received a cent from the government, then its only their problem. But the government lost $11.2 billion on GM's last bailout. During the 1980s GM lobbied fro the government to impose import quotas on Japanese cars because they were better cars and GM couldn't compete against them. So whenever they do things wrong, big brother has to help them. During the last couple of years GM had to sell most of its foreign operations in order to get cash, and you generally do not make money by selling your assets.
<u>Explanation</u>:
Even though a <u>monopolist</u> usually controls the market price of the commodity it may not be producing more because a monopolist overall goal is to achieve profit maximization.
However, producing more output would not be in their best interest despite been the market maker because it will decrease the price of the goods in the market due to over supply, leading to lower profit for them.
The owner is making this long-run decision based on his rational expectations of economic growth to meet future demands.
<h3 /><h3>What are long term decisions?</h3>
They are a strategic process that means designing an economic scenario based on perspectives, vision and organizational goals, with short-run decisions being the actions present to achieve long-run objectives.
Therefore, the owner is making long-run decisions in line with his expectations for the future of the business by looking at the current economic scenario.
Find out more about long-run decisions here:
brainly.com/question/14522871
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