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
Ira Lisetskai [31]
2 years ago
8

The government of Paulaville decides to set prices of wheat. Calculate the amount of the shortage or surplus if the government s

ets a price floor at $2.
Business
1 answer:
ololo11 [35]2 years ago
7 0

Answer:

I have uploaded the picture with the relevant information below.

Explanation:

We can see in this picture that the market equilibrium is met at a price of $5, thus, $5 is the equilibrium price, because demand and supply are both 125 at this point.

If the govenment sets a price floor of $2, there will be no effect, because the price floor is non-binding.

A non-binding price floor is a minimum price set by the government that is actually lower that the equilibrium market price. In this case, the price of the market will be allowed to go to $5, and reach equilibrium, so the policy osf setting the $2 price floor will have no effect.

You might be interested in
________ costs are costs that limit the occurrence of defects and imperfections. prevention failure process assessment appraisal
ddd [48]
<span>Process costs are costs that limit the occurrence of defects and imperfections. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. ... It is a method of assigning costs to units of production in companies producing large quantities of homogeneous products.</span>
7 0
3 years ago
Due to My Amazing grades from Brainly my token of honor im doing another brainliest giveaway the last ones GOT DELETED by a girl
Sphinxa [80]

Answer:

can i have it

Explanation:

=0=0=00==0=0=0=0

7 0
2 years ago
Read 2 more answers
Name the 6 Holland Codes:
Serggg [28]

Answer:

the original were "motoric, intellectual, esthetic, supportive, persuasive, and conforming" but then later changed to "Realistic (Doers), Investigative (Thinkers), Artistic (Creators), Social (Helpers), Enterprising (Persuaders), and Conventional (Organizers)"

Explanation:

Because I am smart^-^

6 0
3 years ago
Read 2 more answers
If costs are 85% of sales (and profit is 15%), what is the amount of extra sales needed to equal $1,200 in profit from purchasin
attashe74 [19]

Answer:

$8,000

Explanation:

Given that

Profit = $1,200

Cost = 85% of sales

Profit = 15%

We know that

Sales = Cost + Profit

         = 85% + 15%

         = 100%

So sales percentage is 100%

Now we use the unitary method to find out the extra sales which would be

= Profit × sales percentage ÷ profit percentage

= $1,200 × 100% ÷ 15%

= $8,000

7 0
3 years ago
Troubleshooting computer problems can best be described as a(n) ____.
marissa [1.9K]
Technical difficulties 
5 0
3 years ago
Other questions:
  • Jake receives a promotion at his law firm after winning an important case. this is an example of a:
    12·1 answer
  • Suppose that the government passes legisaltion that imposes a legal barrier to entry on the tree nursery industry and the number
    13·1 answer
  • Which of these job descriptions is least likely to fall under an events manager?
    13·1 answer
  • W+w+w
    14·1 answer
  • Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is availab
    11·2 answers
  • If Southwest Development Company is a​ 50-50 partnership of Merideth Harper and Christopher​ Black,: ​(Select the best answer​ b
    11·1 answer
  • balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 sh
    10·2 answers
  • $
    15·1 answer
  • Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
    15·1 answer
  • Besides starting the vehicle, what else can 2022 versa’s available remote engine start in do?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!