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pshichka [43]
3 years ago
9

If the government imposes a price ceiling, then: the price offered by producers must be at or below the ceiling price. the marke

t supply curve will shift to the right. the price offered by producers must be at or above the ceiling price. producers would be inclined to increase the quantity supplied. producers must charge the ceiling price.
Business
1 answer:
katrin2010 [14]3 years ago
3 0

Answer:

The answer is A. the price offered by producers must be at or below the ceiling price

Explanation:

A price ceiling is a limit on how high the price of product or service can be. Governments use price ceilings to protect consumers from the overbearing of producers. For example, let's say the price of rice in the market in going up daily as a result of scarcity. Government can set the price ceiling to be $20 per bag. This means that the price by bag must never go beyond $20. Producers can set their price to be at $20 or below $20 but must never go above the price ceiling ($20)

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The income statement for the year ended December 31, 2020, for Sandhill Manufacturing Company contains the following condensed i
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Titan State Bank offers to pay you 6% interest, compounded quarterly. The 6% interest rate is known as the: ANSWER Unselected re
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nominal interest rate

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3 years ago
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Answer:

\boxed{\bold{Recommend \ stronger \ security \ to \ a \ firm}}

Explanation:

  • <u>Recommend stronger security to a firm</u>

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- Mordancy

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Explanation:

PPCo is able to provide the entire needs of the county and and has been in operations for a few years gaining loyal customers and controlling the market. Any company that will want to come in will have to fight them for market dominance and as such will have a smaller market share than PPCo.

As PPCo is meet the demands of everyone in the county, they are most likely experiencing Economies of Scale. This means that they are making more revenue thereby driving total cost down as the fixed costs remain the same but Revenue climbs. This classifies them as a Natural Monopoly because Natural Monopolies experience Economies of Scale and declining average total costs.

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