The problems with price gouging laws that keep prices low are:
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
Here are the options to this questions:
- Price gouging laws reduce shortages after a disaster by keeping prices low.
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
- When prices rise after a disaster, consumers are encouraged to consume less of the good and leave some for others to purchase; price gouging laws short circuit this effect.
- Price gouging laws keep prices low after a disaster. This forces producers to produce more of the needed goods
- Price gouging laws keep prices low after a disaster. This forces consumers to buy less of the good than they otherwise would
Price gouging is when the price of a good or a service is increased to very high levels when the demand for the product is higher than the supply of the product. Price gouging usually occurs after an event. For example, after a natural disaster.
In order to prevent price gouging, the government can set a price ceiling. A price ceiling is when the maximum price for a good or service is set by the government. When prices are prevented from rising above a particular price, this benefits consumers as they would be able to purchase goods at a cheaper price. But producers would be disadvantaged because their profit margins would fall. This can lead to a shortage problem as demand would exceed supply.
To learn more about price gouging, please check: brainly.com/question/10477659?referrer=searchResults
Answer:
The effective price you received for the car was $5,987
Explanation:
Effective price of the car can be calculated by the Net Present values of all the cash flows associated with the note.
Using following present value formula for each cash flows
Pv = FV / ( 1 + r )^n
Net Present Value of all call flows = [ $1,000 / ( 1 + 6% )^1 ] + [ $2,000 / ( 1 + 6% )^2 ] + [ $2,000 / ( 1 + 6% )^3 ] + [ $2,000 / ( 1 + 6% )^4 ]
NPV = $943.4 + 1,780 + $1,679.24 + $1,584.19 = $5,986.83 = $5,987
Answer:
The campaign is aimed at teenagers.
Explanation:
Sharpie's global vice president for marketing, because they “use Sharpie in the most creative, inspiring ways.
Have a good day and stay safe!
Answer:
GDP equals $1455, answer is D
Explanation:
GDP = Consumption + Investment + Net exports + Private saving - National saving + Taxes
GDP = 1000 + 200 - 50 + 225 - 150 + 230
GDP = 1,455
Answer:
1,000 long term capital gain
Explanation:
