Sales $ 100,000 Operating expenses $ 94,000 Operating assets $ 40,000 Stockholder's equity $ 25,000 Cost of capital 10 % What is
1 answer:
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Answer:
a. Price ceiling
b. see graph
c. Increases
d. Increases, decreases
Explanation:
a. Price ceiling is the maximum price or ceiling so to speak imposed by government for a particular commodity inorder to relieve purchase burden from the consumers.
b. Take note of the price ceiling in the graph attached.
c. Number of demanded check-ups increases, since they are now more affordable.
d. Consumer surplus increase by $10, while the producer surplus decrease by $10 ($50-$40).
