Answer:
The answer is A
Explanation:
An increase in an effective maximum legal price will do what to prices and quantities sold in a market?
A maximum legal price is an effective tool to control prices. Usually, the price is below its equilibrium. An increase in the maximum legal price will increase prices and the quantities sold will decrease. When prices go up, companies offer more quantities of a product, but consumers demand less.
Answer: False
Explanation: CIO is the senior most technical professional in a company whose objective is to help the organisation in achieving its goals by using his or her knowledge regarding the technology in use.
A CIO who do not have complete understanding of the business in which he works will not be able to implement the technology properly.
Thus, we can conclude that the given statement is false.
Answer:
the equilibrium exchange rate between 2 currencies is determined by the supply and demand in the money market
Explanation:
equilibrium exchange rate indicates that the price of exchanging 2 currencies will be stable. equilibrium exchange rate is exchange rate at which the demand for a currency & the supply for the same currency are the same.
Answer:
No, you should not purchase the stock as the stock is over priced.
Explanation:
Stock Price should be
Stock Price = Dividend last year / Required Rate of Return
= $2.50 / 23%
= $10.86
The current market price of the stock is $40 so the stock is over priced as it is $10.86 that is why you should not purchase the stock.
