3 years ago

How does the cost of doing business affect prices?

1 answer:

7 0

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Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance

asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

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3 years ago

How many years do you have to live in A house to break even on closing costs

WINSTONCH [101]

Answer:

About 5-7 years.

Explanation:

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3 years ago

If you are a DECA member, tell me why, and what you think about it.

Ne4ueva [31]

Answer:

i am

Explanation:

i like deca but i dont at the same time it tends to get annoying

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At a cocktail party, you can expect the average person to eat how many hors d'oeurves in two and a half

nydimaria [60]

That would be C, twenty

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3 years ago

Managing the flow of goods and materials from the customer backward through the supply chain is called _____.

Montano1993 [528]

Is called reverse logistics

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3 years ago