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
Tanzania [10]
3 years ago
14

Suppose the United States maintains a price floor for spinach. This policy might decrease revenues for spinach farmers if the: m

ultiple choice supply of spinach is inelastic. supply of spinach is elastic. demand for spinach is inelastic. demand for spinach is elastic.
Business
1 answer:
soldi70 [24.7K]3 years ago
4 0

Answer:

Demand for spinach is elastic.

Explanation:

The price floor, which is maintained by the United States, is the minimum price for selling the goods. This price is set above the equilibrium price, which results in excess supply while demand for the same goods remains constant.

Since the prices for spinach cannot be set lower than the price floor and the policy is decreasing the revenue output for spinach farmers then this probably means that the prices are set too high which has decreased the demand for spinach. This means that the demand for spinach is elastic.

You might be interested in
Amazon.com and barnes and noble are in the same industry, but their primary difference can be defined as two companies that have
Alenkinab [10]
<span>their primary difference can be defined as two companies that have different : business models Amazon provide a medium so other sellers could sell their books through their sites. This way, they won't need any space for their house cause they sell other's product. Meanwhile, barnes and nobles is a book retailer, which means they produce and put their own books to the stores.</span>
6 0
3 years ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

Answer:

revenue cycle

Explanation:

Dolores Yu provides a payroll processing business. According to question, service has been rendered and now its time to collect bills for those service.

Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

5 0
3 years ago
Someone who likes building, designing, or creating things probably has a(n)
Afina-wow [57]
It is an architect because they love to build things and create things as well  <span />
6 0
4 years ago
Read 2 more answers
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
tamaranim1 [39]

Answer and Explanation:

The answer is attached below

3 0
3 years ago
_____ are sources of assistance for helping an entrepreneur with starting, running, and staying in business. SCORE SBDC SCORES S
yawa3891 [41]

Answer:

i think its SAB but im not sure

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Mickey built his lemonade stand out of $75,000 worth of plywood and paint. He uses $2.25 of lemons, sugar and water to make his
    13·1 answer
  • Which of the following line items of the statement of cash flows must be obtained from the income​ statement?
    9·1 answer
  • Cash 5,345 Accounts Receivable 2,662 Prepaid Expenses 725 Equipment 14,421 Accumulated Depreciation 6,970 Accounts Payable 1,643
    13·1 answer
  • Cashiers at the supermarket are allowed to adjust the price of an item up to a maximum of​ $5.0 without getting the​ manager's a
    5·1 answer
  • Which of the following statements represent the appropriate directional relationships between the concepts of inherent risk, con
    11·1 answer
  • The collapse of the fixed exchange rate system has been traced to the
    11·1 answer
  • Severe folate deficiency in adolescence can result in:
    5·1 answer
  • United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding
    11·1 answer
  • QUESTION 31 Denzil was one of 50,000 people defrauded of $40 in an advertising scam. His best course of action to recover his mo
    9·1 answer
  • With a 9-month maturity bucket, a 3-month loan would be considered a _____ asset and a 30-year mortgage with a rate adjustment i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!