Supppose that the federal government places a binding price floor on coffee. To help support the price floor, the government pur
chases all coffeee that consumers do not buy. If the price floor remains in place for a number of years, what do you expect to happen to each of the following? a. It will decrease.
b. It will increase.
c. It will remain the same.
A). It will decrease - 'the quantity of coffee demanded.'
B). It will increase - 'the quantity of coffee supplied by producers'
Explanation:
'Binding price floor' is demonstrated as the price greater than the equilibrium price set by the government to ensure that the prices of such products do not fall below a specific limit.
As per this definition, <u>the quantity of coffee demanded by the consumers will decrease while the quantity supplied(by producers) will increase if the binding price remains constant for several years</u>. This situation of decrease in the quantity demanded(due to hike in prices which is artificially made by the government) while an increase in quantity supplied(due to people reducing purchases as a consequence of hike in prices) which helps ensure a surplus in that good i.e. 'coffee' here.
Proportion refers to the scale of the element to the other in design. Proportion is used to set the standard in design in order to obtain the best result. the scale is the relation of the total size of any product with the other while the proportion is defined as the ratio of the size of one part of the object with the other.
Answer: I would vote and protest for everybody to get a higher wage especially if they work with fast food. because the most they get is $9 a hour. while some other people with better jobs get $15. We need to make an improvement so that it can be fair instead of being unfair.
Leading is the ability of a manager to be able to motivate employees to meet the organizational goals. This is done by using his influence or a reward system. Ronnie motivates his employees by using his influence, the congratulatory message motivates them to meet their targets. It is a principal role for managers to be able to motivate their employees to meet set goals.
