1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
An organization decides to improve its raw material handling process by buying a material handling robot. This is an example of
Leona [35]

Answer:

B. Automation

Explanation:

Option A is incorrect as a human resource cannot be a material handling robot.

Option C is wrong as statistical quality control cannot do the same task as a material handling robot can. Statistical quality control can ensure quality by minimizing risk.

Options D and E are incorrect, respectively, as flexible manufacturing cannot improve the raw materials, and fixed layouts cannot be the element of the raw material process.

Option B is correct as a material handling robot is a machine. Therefore, automation is necessary to improve the raw materials handling process.

8 0
3 years ago
The following differences enter into the reconciliation of financial income and taxable income of Abbott Company for the year en
adoni [48]

Answer:

Abbot makes a savings of $74,000 in the current year.

Review full presentation of answers in the attaches

Explanation:

4 0
3 years ago
Read 2 more answers
Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i
Sergio [31]

The answer is: C.accrual basis of accounting

Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.

6 0
3 years ago
The Truth-in-Lending Act gives debtors the right to rescind certain transactions for a period of ______ business days from the d
inysia [295]

Answer:

three

Explanation:

The Truth-in-Lending Act (TILA) applies to home loans. It requires lenders to disclose all costs related to a home loan, provides rescission rights for some transactions, and impose restrictions on home equity credits. But the TILA cannot set the interest rates or other fees charged by the lender, it only requires the lender to disclose the complete information, e.g. APR, monthly payments and amount financed.

3 0
3 years ago
The resources in the input market come from
Yuki888 [10]

Answer:

D

Explanation:

4 0
3 years ago
Other questions:
  • The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows:RevenuesRevenues from our ma
    14·1 answer
  • In building a marketing presence on F a c e b o o k, you find that you have to spend a lot of time copying content from your T w
    8·1 answer
  • Although​ beva-cola maintains bottling facilities on five​ continents, it allows each country manager to alter the recipe slight
    9·1 answer
  • When preparing the statement of cash flows by the indirect method, if accumulated depreciation increases the difference is
    10·2 answers
  • China is considered to have​ a(n) ________ culture.
    7·1 answer
  • Iron Works International is considering a project that will produce annual cash flows of $38,200, $46,900, $57,600, and $23,100
    6·1 answer
  • 1. Organize around outcomes, not tasks. 2. Identify all the organization’s processes and prioritize them in order of redesign ur
    6·1 answer
  • Adam smith believed the invisible hand would do what for the economy?
    8·1 answer
  • Practice Do It! Review 01 During the current month, Sheridan Company incurs the following manufacturing costs. (a) Purchased raw
    7·1 answer
  • Fe2O3 + 3 CO → Fe + 3 CO2
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!