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dangina [55]
3 years ago
8

WHICH OF THE FOLLOWING WILL CAUSE NO CHANGE IN PRODUCER SURPLUS? A) IMPOSITION OF A NON BINDING PRICE CEILING IN THE MARKET. B)

BUYERS EXPECT THE PRICE OF GOODS TO BE HIGHER NEXT MONTH. C) PRICE OF SUBSTITUTE INCEASES. D) INCOME INCREASES AND BUYERS CONSIDER THE GOODS TO BE INFERIOR.
Business
1 answer:
Svetllana [295]3 years ago
5 0
The answer is A. Imposition of a non binding price ceiling in the market

Price Ceiling is  when a government impose a price limit over a specific product

Non-Binding Price ceiling is if that price limit that imposed to the product is still <em><u>higher than market equilibrium ,</u></em> which won't do anything to producer's surplus
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New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity
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I believe the answer is A. <span>decrease; increase
</span><span>lowering the costs of production means that the company could still obtain the same amount of profit while reducing the price on the market.
Due to the development of technology, the production process will become more efficient, which lead to an increase of total quantity of the products on the market.</span>
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3 years ago
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In a process costing system, which of the following would be TRUE?a.There is no need to track materials to processes.b.There is
Allushta [10]

Answer:

d.All of these choices are true.

Explanation:

In a process costing system, a.There is no need to track materials to processes.b.There is no need to use time tickets to assign costs to processes.c.A process costing system is more expensive to maintain because it has more work-in-process accounts.d.All of these choices are true . All of the choices given are true .

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3 years ago
After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai
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140°F

Explanation:

140°F is ordinary temperature for eliminating microscopic organisms, yet it will likewise effect and truly burn individuals. In this regard, sherry knows about that, which is the reason she comprehend that she needs to hold back to consume it. High temperatures, 140°F or more, ought not be brought into normal private or business pipes that go to end client taps and showers etc.

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Demand for individual products can be driven by product life cycles. <br> a. True <br> b. False
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3 years ago
At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec
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Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".

<h3>What is procedural unconscionability?</h3>

Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable

Examples of Procedural Unconscionability is-

  • influencing an underprivileged party who would not have otherwise signed the contract to do so.
  • minimising important clauses in contracts for the sake of the underdog.
  • If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.

Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.

To know more about elements required in contract-making, here

brainly.com/question/8116487

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6 0
2 years ago
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