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3 years ago

What do price controls give us?

Business

1 answer:

Naddika [18.5K]3 years ago

3 0

Answer:

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.

Explanation:

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Work environment includes physical and social aspects of work. true or false.

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3 years ago

Suppose that there is asymmetric information in the market for used cars. Sellers know the quality of the car that they are sel

denis23 [38]

Answer:

A buyer would be willing to pay at most $24,000.

Explanation:

There is a 40% chance of getting low quality cars.

Value of high quality car is $30,000.

Value of low quality car is $15,000.

Price of car that buyer will be willing to pay

=40% of lower quality+60% of higher quality

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=0.4*15,000+0.6*30,000

=$6,000+$18,000

=$24,000

So, the buyers will be willing to pay a maximum value of $24,000.

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3 years ago

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SCORPION-xisa [38]

Answer and Explanation:

The preparation of the statement of changes in stockholders' equity is presented below:

Ollie Company

Statement of changes in stockholders' equity

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Ending common stock $72,000

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Ending retained earning $9,000

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3 years ago