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Anarel [89]
2 years ago
14

g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates

a shortgage creates a supplus is non-binding
Business
1 answer:
Allushta [10]2 years ago
6 0

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

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There were 80 people in the houses I visited. 16 of them were children under the age of 16, 25 people had full-time jobs, and 8
miss Akunina [59]

The labor force that can be depicted from the information about the people will be 36.

<h3>How to calculate the labor force</h3>

The labor force will be:

= 25 + 8 + 3

= 36

The unemployment rate will be:

= Unemployed/Labor force × 100

= 3/36 × 100

= 8.33%

The participation rate will be:

= Labor force/Adult population × 100

= 36/(80 - 16) × 100

= 56.25%

Learn more about the labor force on:

brainly.com/question/24939447

4 0
2 years ago
A bank loaned out ​$19 comma 00019,000​, part of it at the rate of 7 %7% per year and the rest at 15 %15% per year. If the inter
Alla [95]

Answer:

Explanation:

Let x be the amount loaned at 7% and ($19,000 - x) be the amount loaned at 15%

Given:

Interest incurred at 7%, I1 + Interest incurred at 15%, I2 = $2000

Interest, I = amount × rate

I1 = 7/100 × x

I2 = 15/100 × ($19,000 - x)

From the above expressions,

(0.07)x + (0.15) × ($19,000 - x) = $2,000

Solving for x,

0.07x + 2850 - 0.15x = 2000

Collecting like terms,

0.08x = 850

x = $10625

The amount loaned at 7% interest is

$10625

The amount loaned at 15% interest is ($19000 - $10625)

= $8375

6 0
2 years ago
Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were
valentina_108 [34]

Answer:

$8,495,833

Explanation:

<u>Calculation of weighted-average accumulated expenditures</u>

Date     Payments    Funds used        Annualized               Amount

Mar 1    $6450000       10/12             $6450000*10/12       $5,375,000

Jun 1    $5350000        7/12              $5350000*7/12         $3,120,833

Dec 31  $8250000       0/12              $$8250000*0/12      <u>$0                </u>

Weighted Average Expenditures                                        <u>$8,495,833</u>

6 0
2 years ago
Mark has long supported a particular brand of footwear and has always bought that brand.​ recently, the footwear manufacturer wa
lidiya [134]

What Mark is displaying is selective distortion. This term is used when individuals continue to interpret information in accordance to the belief that they are supporting.

In the example, even though the news have reported that his favorite shoe brand uses child labor to manufacture the brand’s shoes, Mark chooses to believe that the media is lying instead of accepting the report as true.

3 0
3 years ago
Read 2 more answers
Which of the following home purchasing considerations will probably affect older homebuyers the least ?
lesya [120]

THEEEEEE

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B



4 0
3 years ago
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