1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
5

In an effort to get more Americans to drink​ milk, the government sets a price ceiling on milk that is substantially below the e

quilibrium price. Which of the following will​ occur? A. Production of milk will increase. B. There will be a shortage of milk. C. The demand for milk will shift to the right. D. Consumption of milk will increase.
Business
1 answer:
slega [8]3 years ago
6 0

Answer:

B. There will be a shortage of milk.

Explanation:

Because of the set price ceiling by the government, suppliers will be discouraged from producing milk since the price ceiling is far below the equilibrium price. As a result, there will be decreased supply of milk since it will not be as profitable to produce. This will lead to a shortage of milk. Option B is the correct answer based on the above.

You might be interested in
On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
Gnom [1K]

Answer and Explanation:

The adjusting entries are shown below:

1. Accounts Receivable $13,680

       To Fees Earned $13,680

(Being Accrued fees earned is recorded)  

2. Supplies Expense $3,210 ($4500 - $1290)

             To Supplies $3,210

(Being Supplies used is recorded)  

3. Wages Expense $1,720

          To Wages Payable ($1,720

(Being Accrued wages is recorded)

4. Unearned Rent $4,470 ($13,410 ÷ 3 month)

           To Rent Revenue $4,470

(Being rent earned is recorded)

5. Depreciation Expense $2,280

       To Accumulated Depreciation- Equipment $2,280

(Being Depreciation expense is recorded)

6 0
3 years ago
Job order production is also known as: Select one: a. Mass production. b. Process production. c. Unit production. d. Customized
lidiya [134]

Answer:

Option (D) is the right answer.

Explanation:

According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.

While the other options are wrong because of the following reasons:

  • Mass production can be described as a large number of production for the same product.
  • Process production can be defined as the production which takes place through a similar process for all the products.
  • Unit production can be defined as the number of production of the items.
  • Standard costing can be defined as the costing which occurs on the production of the product.

Hence the most appropriate answer is option (D).

8 0
3 years ago
Known as the __________, this migration theory suggests that after flows of migration commence, the pattern may continue because
zepelin [54]
This is known as network theory. This approach implies that once migration has commenced, it takes on a life of its own. Likewise, the migration pattern which ensues may be different from the original push or pull factors that produced the earlier migration.<span> </span>
4 0
4 years ago
Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a
aleksklad [387]

Answer:

5.01%

Explanation:

The bond nominal yield to call is  5.01%

4 0
4 years ago
Read 2 more answers
When contemplating stopping distances, the three critical factors to be considered are
Naddika [18.5K]
C perception, reaction, braking
3 0
3 years ago
Other questions:
  • Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t
    12·1 answer
  • A researcher who has no concern for issues of control or ability to generalize, instead choosing focus on providing rich descrip
    8·1 answer
  • Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the
    10·1 answer
  • Consider the adjustment process at the end of the accounting period. 1. Record the adjusting entries in the journal. 2. Prepare
    13·1 answer
  • The united states wants to limit imports of european shoes by increasing the price of those shoes in the states. you advise your
    15·2 answers
  • Question 14(1 point) Where does a lanyard hook to a full body harness in a fall protection system?​
    7·1 answer
  • Which of the following is a type of tort?
    10·2 answers
  • Why it is difficult to know what is “business casual”.?
    10·2 answers
  • The terms are default, grace period, late payment fee, over the limit fee, and bad credit
    8·1 answer
  • Mutually exclusive projects are those whose cash flows are unrelated to one another the acceptance of one does not eliminate the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!