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IgorLugansk [536]
3 years ago
12

Rapidly increasing health costs have been a major political concern since at least 1992. Suppose the government sets the maximum

price for a normal doctor's visit at $20 to control rising health costs but the current market price is $40. What will happen
Business
1 answer:
saul85 [17]3 years ago
6 0

Answer:

A. More people will try to visit the doctor, but there will be fewer doctors willing to see patients at that price.

Explanation:

Since the government decides to impose a price ceiling that is below the market price, the number or the demand of people willing to see the doctors will increase exponentially as a result. Invariably, the number of doctors willing to see patients at the price lower than the market price will reduce. When government imposes price ceiling on goods and services like this, they assume the market prices to be too high, hence too expensive for the consumers to afford. Of course, with reduction in price comes an increase in demand, but the producers or the people that offers the services wouldn't want to render those services or sell those goods below market prices.

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In his work for a new company, Byron found a flower material that he could use to manufacture dresses. In his career, Byron is m
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into how many geographical region Nepal has divided ?describe them in a few line

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Bella is a discount furniture store. Most of the items in the store are overstock and hence tend to be more inexpensive than oth
marysya [2.9K]

Answer:

<u>Reference Pricing</u>

Explanation:

Reference pricing strategy refers to a pricing mechanism whereby the products are priced slightly lower than competitor's products.

When such a pricing strategy is followed, the store owners provide heavy discounts to the buyers to encourage sales.

In the given case, the store deals in discounted furniture. Bella displayed manufacturer's suggested retail price so as to let buyers know of the savings they shall make upon purchase.

Such pricing of goods at a heavy discount thereby showing savings, indicates reference pricing strategy being followed.

4 0
4 years ago
Which of these describes what can happen with an adjustable-rate mortgage?
olga55 [171]

Answer:the answer is D

Explanation:

It goes up and down due to the adjustable rate of the mortgage

4 0
3 years ago
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Suppose the dollar amount of the externality, per gallon of gasoline, is constant, regardless of how much gasoline is produced.
adelina 88 [10]

Answer:

a. required to pay a tax of $0.45 per gallon of gasoline sold.

Explanation:

The marginal external cost shows the difference between the private cost and the social cost. Also it should be the tax imposed amount. In the given case, the value is of $0.45 this represent that there is the tax of $0.45 that should be imposed on the producers in order to internalize the external cost

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6 0
3 years ago
For Accounts Payable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in
Gala2k [10]

True.

For Accounts Payable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in an exchange gain.

<h3>What is an exchange gain or loss?</h3>
  • A change in the exchange rate between the time an invoice was issued and the time it was paid results in an exchange gain or loss.
  • An exchange gain or loss results when an invoice is entered at one rate and paid at another.

  • The exchange rate at which the consumer pays for this invoice will ineluctably differ from the rate at which you recorded the invoice in your accounting system, even though you will have appropriately converted your prices.
  • The cash you receive will be considerably more than what you initially invoiced as a result.
  • This difference is known as an exchange gain or loss depending on which way the exchange rate has gone, i.e. whether the currencies involved have appreciated or depreciated in value (a gain or loss).

To learn more about exchange gain visit:

brainly.com/question/13829463

#SPJ4

6 0
2 years ago
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