All categories

4 years ago

All of the following will occur if the government places an effective price ceiling on candy bars except:

Business

1 answer:

miskamm [114]4 years ago

6 0

Answer:

c. there will be a surplus of candy bars.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If a price ceiling is effective, the price ceiling is set below equilibrium price.

If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.

A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.

I hope my answer helps you

You might be interested in

Chad has decided to rent an apartment and is gathering information to be sure he has enough money saved for all the expenses whe

alekssr [168]

Answer: Security Deposit

Explanation:

A Security Deposit is an amount you pay when you first move into a house.

It is held in abeyance until you move out. In other words when you pay a Security Deposit, it doesn't become the Landlord's. It is still your money but it is held in trust. The purpose being that when you move out, any damages made to the house is fixed from the security deposit. If no damages need fixing then your entire security deposit is returned to you.

This fee is what Chad's landlord just explained to him.

3 0

3 years ago

1. Dougie’s Donuts most recent free cash flow (FCF) was $225 million; the FCF is expected to grow at a constant rate of 4%. The

WITCHER [35]

Answer:

a. What is the value of operations? = 2736.84 millions

b. Immediately prior to the repurchase,= 2811.84millions

what is the intrinsic value of equity? = 2216.84 millions

c. Immediately prior to the repurchase, what is the intrinsic stock price? = 147.79

d) How many shares will be repurchased?= 0.51million

How many shares will remain after the repurchase? = 14.49 millions

e. Immediately after the repurchase,= 2141.84millions

what is the intrinsic value of equity? The intrinsic stock prices. = 147.79

Explanation:

4 0

3 years ago

Read 2 more answers

The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?

agasfer [191]

I think it’s Alex since he has the lowest salary so it’d be harder for him to pay the tax

3 0

3 years ago

What is the relationship between wants and resources? A. Wants are developed by an individual's self-interest while resources

igomit [66]

Answer:

the correct answer is B. Resources are used to produce things that satisfy people's wants.

Explanation:

Wants are the ways we satisfy our basic needs such as food, water, shelterm clothing, etc.

Wants are unlimited. Also, they can be created by businesses as well. However, resources are limited. Most of the resources are given from the nature while some resources have been developed through the human intervention.

Resources are the basic input to produce the necessary things to satisfy the human wants. this conversion process of the resources is generally called the "production".

4 0

4 years ago

For this situation below , determine the premium will likely increase, decrease , or remain the same. deon chooses a lower deduc

kozerog [31]

Answer:

Increase.

Explanation:

The question above refers to auto insurance premium, which is a system that, through a monthly payment, allows an insurer to provide financial support to car owners as a form of security in case of accidents or injuries during driving. .

Many people do not know, however, under contracts with car insurers, smaller deductibles cause the premium to increase, making the individual responsible for insurance need to pay a higher monthly amount. A higher deductible, on the other hand, would reduce the value of the premium. In this case, we can say that if Deon chooses a lower deductible, he will have the high premium.

8 0

3 years ago