Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.
However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.
For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.
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Caroline will most likely be performing the prescriptive role of marketing research. Prescriptive analytics are known for processes data from their findings and using it to better suit the company in marketing tactics. Then they are able to present it to their team and in this situation, know which items are top sellers and which aren't. Caroline will use this data to determine what customers are attracted to, what they buy and how she can bring in more revenue to the jewelry store she manages.
When designing a management support system, using (n) Progress bars acan help reduce frustration.
A progress bar is a graphical control used to show the progress of advanced computer operations, such as: B. Download, file transfer, or install for visualization. Graphs may be accompanied by text representing progress in percentage format.
A progress bar is used to indicate the progress of a task. For example, when uploading or downloading something from the internet, it's a good idea to show the download/upload progress to the user. Android has a class called ProgressDialog that can be used to create a progress bar.
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