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
Sidana [21]
3 years ago
14

A minimum wage is an example of a price floor or minimum price that must be paid. If effective, such a price floor would be ____

_ the market price and would lead to a _____ .
Business
1 answer:
valkas [14]3 years ago
3 0

Answer:

If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

Explanation:

A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.

For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.

Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.

Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

You might be interested in
In two or three sentences, describe how you would use some of the budgeting tools to help manage your money.
Bas_tet [7]

Answer:

Budgeting tools provide notifications and reminders to help us keep track of our spending and savings.

Explanation:

We may use a budgeting program to keep track of how much we spend. Budgeting tools can assist us in reducing undesirable and unneeded spending. It can also help us be more disciplined with our spending and save more money. We may set up notifications or reminders to help us keep track of our spending.

5 0
2 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain
marysya [2.9K]

When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.

<h3>What is program trading?</h3>

Program trading is what create space or time for multiple trades to occur simultaneously.

It is an automated process that gives instructions to computers to sell when price of a stock goes down to prevent loss.

Learn more about program trading here: brainly.com/question/13955369

#SPJ1

6 0
2 years ago
On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs ne
Setler79 [48]

Answer:

$1,464,000

Explanation:

The computation of the depletion expense is shown below:

Purchase price plus additional cost = $5,640,000

Extracted tons during four year period = 940,000 tons

Current year tons extracted = 244,000 tons

So,

Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted

= $5,640,000 ÷ 940,000 tons × 244,000 tons

= $1,464,000

7 0
3 years ago
California Adventures issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2020. All remaining shares a
never [62]

Answer:

See below.

Explanation:

Since the preferred stock is not cumulative only the current years' dividend is payable on these stocks.

Preferred stock dividend = (5000 * 100) * 0.08 = $40,000

Of the declared dividend of $100,000,

Preferred Dividend = $40,000

Ordinary share dividend = $60,000

If the shares were cumulative, the prior year dividends would also be payable form the declared dividends bringing the total preferred dividend to $80,000.

Hope that helps.

3 0
3 years ago
Other questions:
  • An entrepreneur has purchased a gym franchise and been very disappointed in the results. The franchise has not earned what the e
    9·1 answer
  • Isabella was hit by a car while she was walking on the road and sustained minor injuries. She filed a case against the car drive
    15·1 answer
  • The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
    5·1 answer
  • If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 t
    9·1 answer
  • "In the __________ strategy, you can manipulate _________ to match supply and demand. a. Chase; inventory level b. Chase; invent
    11·2 answers
  • What is the primary benefit of activity-based costing? Arbitrary allocations of overhead costs All these are primary benefits of
    6·1 answer
  • Net income $ 209,600 Preferred stock outstanding, 12% cumulative $ 80,000 Market price per share of common stock $ 24.00 Total S
    8·1 answer
  • Match the example with the type of individual difference and advantage it shows.
    9·1 answer
  • The quantity demanded x for a product is inversely proportional to the cube of the price p for p &gt; 1. When the price is $10 p
    9·1 answer
  • Example of globalization as internalization and liberalization
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!