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Illusion [34]
4 years ago
11

When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must rati

on the scarce goods among the large number of potential buyers. True or false?
Business
1 answer:
saveliy_v [14]4 years ago
6 0

Answer:

False

Explanation:

The competitive market works completely on the force of demand and supply. In this market there is no other restrictions or perks from any third party.

With this the prices of any commodity depends upon the free flow of market.

When the government imposes any restriction on price ceiling, in the competitive market then the shortage of goods arise, as because no individual supplier generally, gets ready to supply the goods at such binding price, which generally, leads to inflation, which is not practical as government has binding price ceiling.

Thus, the statement is false.

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b

Explanation:

From the lessee's perspective, in the earlier years of a lease, the use of the:

capital method will cause debt to increase, compared to the operating method.Therefore option b is correct. As in early years of lease operating method is far more beneficial then the capital method.

5 0
3 years ago
Sigrud buys spiked mountain-climbing shoes from Rockridge Gear store. The spikes come out of the shoes when Sigrud is on the sid
alisha [4.7K]

Answer:

B) an implied warranty of fitness for a particular purpose.

Explanation:

Sigrud bought spiked mountain climbing shoes, so she could reasonably expect that the shoes would be useful when climbing a mountain. The fact that the spikes came out while she was on the mountain side, isn't exactly what she was expecting when she purchased them. If you buy something that  is supposed to satisfy an specific need or purpose, the seller is providing an implied warranty that the good will actually be fit to satisfy that specific need or purpose.

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3 years ago
In the last few weeks, Steve has stopped chatting with his coworkers during work. He takes short lunch breaks, and he is complet
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3 years ago
Retail managers can use ________ to determine which inventory items require the most attention.
pantera1 [17]

Answer: (D) ABC analysis

Explanation:

 ABC analysis is one of the type of inventory method that are basically divided into the three main categories that is A,B and the C categorization.

 The main advantage of this type of analysis is that it is categorized on the quantity and the values basis and this analysis is basically keeps the cost in the business under the control. It is also known as the inventory management and the ABC analysis contributed in the overall profit in an organization.

According to the question, the retail manager basically using the ABC analysis for determining the inventory items in the system.

Therefore, Option (D) is correct.

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4 years ago
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