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
soldier1979 [14.2K]
3 years ago
8

An effective price ceiling will cause consumers to: Instructions: In order to receive full credit, you must make a selection for

each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. check all that apply gain surplus from additional trades.unanswered lose surplus from paying a lower price.unanswered lose surplus from trades that no longer take place.unanswered gain surplus from paying a lower price.unanswered
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

gain surplus from paying a lower price

Explanation:

An effective price ceiling will cause consumers to "gain surplus from paying a lower price."

This is based on the idea that an effective price ceiling usually leads to prices being below the equilibrium price or equates to a lower price.

At this point, the buyers demand more of the products, while the sellers have a lower incentive to produce more. And therefore, the quantity demanded will exceed the quantity supplied.

Hence, consumers gain excess (more demands) by paying a lower price.

You might be interested in
What aspects of managing your account were probably more difficult before online banking was available?
sveticcg [70]

Answer:

One of the main advantages of online banking is that you can access information about your account immediately and from anywhere. Before online accounts were available, you had to go to a bank or ATM on some specific cases if you wanted to carry out any type of transaction, e.g. pay a service or transfer money. Online accounts make it less likely for a person to go to a bank, e.g. in order to get a loan, I did it all online, I didn't even need to go to the bank.

5 0
3 years ago
Unlike manufacturers, ________ buy products from other businesses but do not significantly alter the form of the products they b
LenKa [72]

Answer: Resellers

Explanation:

Resellers buy products from other businesses but do not significantly alter the form of the products they buy before selling them.

A reseller is a type of channel partner that acts as an intermediary between companies that make, distribute or provide IT products or services and end customers, which may be businesses or consumers. A key reseller role has been order fulfillment: The customer goes to a reseller to simplify the ordering process and offload procurement and order processing tasks.

Working with a reseller can also streamline product sourcing. A business that needs to purchase multiple technology components can make those purchases through a single reseller versus approaching multiple manufacturers or service providers directly. Competitive pricing may also attract customers to resellers.

6 0
3 years ago
Read 2 more answers
50 red and 50 black balls in a box when you randomly pick two balls without replacement
LUCKY_DIMON [66]
2/100
=1/50
.........
7 0
3 years ago
The following information is available for Ivanhoe Company. April 1 April 30 Raw materials inventory $10,500$14,000 Work in proc
Fiesta28 [93]

Answer and Explanation:

The preparation of the cost of goods manufactured schedule for the month of April is presented below

Beginning work-in-process inventory                          $4,840

Manufacturing costs:

Direct materials:                                                  

Beginning inventory                                   $10,500

Purchases                                                    $97,700

Materials available                                      $108,200 

Less:  Ending inventory                              -$14,000

Direct materials used                                                             $94,200

Direct labor                                                                             $80,300

Manufacturing overhead                                                       $162,000

Total manufacturing costs:                                                     $336,500

Total costs of work-in-process                                                $341,340

                                                                               ($4,840 + $341,340)

Less:  Ending work-in-process                                                -$3,700

Cost of goods manufactured                                                   $337,640

Basically we simply the cost of goods manufactured formula

3 0
3 years ago
An economy in which more effort is devoted to the production of services than to the production of goods is called the:
kirza4 [7]
The economy is the service economy
4 0
3 years ago
Other questions:
  • The market demand for wheat is Q = 100 − 2p + 1pb + 2Y . If the price of wheat, p, is $2, and the price of barley, pb, is $3, an
    9·1 answer
  • Instruck inc. is a real estate firm based in colorado. the company ensures that employees' pay is dependent on what they are cap
    14·1 answer
  • A firm’s _____ is the percent of the total market for a product that is controlled by that company.
    6·1 answer
  • The multiplier is greater than 1 because the change in autonomous expenditure leads to​ _______.
    15·1 answer
  • In january 2010 a gallup poll asked a random sample of adults, "in general, are you satisfied or dissatisfied with the way thing
    9·1 answer
  • Herc Co.’s inventory at December 31, Year 1, was $1.5 million based on a physical count priced at cost, and before any necessary
    12·1 answer
  • On December 31, 2018, the unadjusted balance in Prepaid Insurance was $2580. This was the amount paid in the middle of the year
    14·1 answer
  • Jack holds an ownership interest of 59​% and Teresa holds an ownership interest of 41​% in the J and T Partnership. This​ year,
    15·1 answer
  • MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a depart
    13·1 answer
  • A list of the knowledge, skills, and other qualities a person must possess in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!