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daser333 [38]
3 years ago
8

The graph above shows how the price of video games varies with the demand quantity. Suppose that the price of video games is set

at $100 and not allowed to decrease. This is an example of a _____. price floor price ceiling
Business
1 answer:
ira [324]3 years ago
6 0
Price floor.
A floor, in real life, is at the bottom, below you — this then makes sense in business to say that a ‘floor’ represents the minimum value of something — in this case the price of video games.
In real life, a ceiling is above you, indicating that it could be used as a representative of a maximum value of something, like the price of a video game.

So, if we were to say that $120 was the ‘price ceiling’ for video games, then we would basically be saying that $120 is the most a video game could cost. If we were to say that $100 was the ‘price floor’ for video games, we would be saying that $100 is the minimum value that the price of a video game could assume.
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Which of the following is most likely to be considered revenue, according to the Financial Accounting Standards Board’s definiti
sesenic [268]

Answer:

A web streaming company fulfills a 12-month service term paid by customers in advance.

Explanation:

Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.

As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.

In second case the pharmaceutical company receives donation which is anonymous.

All the things are not revenue for company.

It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.

8 0
3 years ago
Tyro has the right to drive across ula's land, which is next to tyro's property, to reach an access road. tyro's right is:____.
Sonja [21]

Tyro has the right to drive across ula's land, which is next to tyro's property, to reach an access road. tyro's right is:____.

Easement Appurtenant

What is easement appurtenant ?

A permanent easement that is attached to the land and benefits the owner. A covenant that follows the land is known as an easement appurtenant. The easement annex is transferred together with the title to the actual estate whenever a new owner takes ownership.

To get to an access road, Tyro has the right to drive across Ula's property, which is near to Tyro's property. tyro's right is Easement Appurtenant.

Learn more about Easement appurtenant here:

brainly.com/question/14368215

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4 0
2 years ago
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transporta
icang [17]

Answer:

d. The skill level of workers is identical in both countries.

Explanation:

The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.

8 0
3 years ago
Beginning at point d if you were planning to purchase the good next week and the price would triple what new point would you mov
monitta

Answer:

Whazup

Explanation:

7 0
3 years ago
A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 per
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Answer:

Explanation:

Forecast usage = 50 %

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⇒ 50 + 0.10 (52 - 50)

⇒ 50 + 0.10 (2)

⇒ 50 + 0.2 = 50.20

8 0
3 years ago
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